After maximizing profits, what does the firm’s revenue equal?
A. the area of rectangle ABGH
B. the area of rectangle BDEG
C. the area of rectangle BCFG
D. the area of rectangle ADEH
Answer:D
After maximizing profits, what does the firm’s revenue equal?
A. the area of rectangle ABGH B. the area of rectangle BDEG C. the area of rectangle BCFG D. the area of rectangle ADEH
Explanation: 61. The following figure shows the average cost curve, demand curve, and marginal revenue curve for a monopolist.