If this firm is maximizing profits, total revenue is represented by the area: a. A B b. B C C. (A + B) C d. B C e. A C (hint: a is not correct)
If this firm is maximizing profits, total revenue is represented by the area: a. A B b. B C C. (A + B) C d. B C e. A C (hint: a is not correct)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Price
and
Cost
A
B
с
MC
ATC
MR
Quantity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F875f36d7-451b-4aeb-9362-390dfdd6e952%2F104f320b-81dc-47a8-904c-9fd4019504d6%2Fdnnc1ul_processed.png&w=3840&q=75)
Transcribed Image Text:Price
and
Cost
A
B
с
MC
ATC
MR
Quantity
![If this firm is maximizing profits, total revenue is represented by the area:
a. A B
b. B C
c. (A + B) C
d. B C
e. A C
(hint: a is not correct)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F875f36d7-451b-4aeb-9362-390dfdd6e952%2F104f320b-81dc-47a8-904c-9fd4019504d6%2Flmjy4ht_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If this firm is maximizing profits, total revenue is represented by the area:
a. A B
b. B C
c. (A + B) C
d. B C
e. A C
(hint: a is not correct)
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