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)
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Transcribed Image Text:Price
and
Cost
A
B
с
MC
ATC
MR
Quantity

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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