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Refer to the Above Data

Question 58

Multiple Choice

  Refer to the above data.At the profit-maximizing output,the firm's total revenue is: A)  $48. B)  $38. C)  $80. D)  $64. Profit maximization occurs at MC = MR,which is three units in this case.At three units of output,total revenue is 3 * $16 = $48. Refer to the above data.At the profit-maximizing output,the firm's total revenue is:


A) $48.
B) $38.
C) $80.
D) $64.
Profit maximization occurs at MC = MR,which is three units in this case.At three units of output,total revenue is 3 * $16 = $48.

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