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The Figure Above Shows the Demand and Cost Curves Facing

Question 36

Multiple Choice

  The figure above shows the demand and cost curves facing a price-setting firm.In profit-maximizing or loss-minimizing) equilibrium,the price-setting firm earns $______ in total revenue,which is ___________ the maximum possible total revenue of $________. A) $7,500; equal to; $7,500 B) $8,000; more than; $7,500 C) $7,650; less than; $8,000 D) $8,000; equal to; $8,000 E) $7,500; less than; $8,000 The figure above shows the demand and cost curves facing a price-setting firm.In profit-maximizing or loss-minimizing) equilibrium,the price-setting firm earns $______ in total revenue,which is ___________ the maximum possible total revenue of $________.


A) $7,500; equal to; $7,500
B) $8,000; more than; $7,500
C) $7,650; less than; $8,000
D) $8,000; equal to; $8,000
E) $7,500; less than; $8,000

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