- In Table 24.1,according to the profit maximization rule,at the profit-maximizing level of output,total revenue is
A)$900.
B)$1,200.
C)$650.

Name: - In Table 24.1,according to the profit maximization rule,at the profit-maximizing level of output,total revenue is A)$900. B)$1,200. C)$650.
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Question

- In Table 24.1,according to the profit maximization rule,at the profit-maximizing level of output,total revenue is
A)$900. 
B)$1,200. 
C)$650.

Quizplus · Accepted Answer

The profit maximization rule states that firms maximize profit where marginal cost equals marginal revenue. At this level of output, total revenue is $1,200.

- in Table 24