-In Figure 23.1 for a good with no externality, which area represents the total revenue to the producer?
A)0ACQ*
B)BP*C
C)0BCQ*
D)0P*CQ*

Name: -In Figure 23.1 for a good with no externality, which area represents the total revenue to the producer? A)0ACQ* B)BP*C C)0BCQ* D)0P*CQ*
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Question

-In Figure 23.1 for a good with no externality, which area represents the total revenue to the producer? 
A)0ACQ* 
B)BP*C 
C)0BCQ* 
D)0P*CQ*

Quizplus · Accepted Answer

The total revenue to the producer is the area under the demand curve and above the supply curve. In Figure 23.1, this area is represented by 0P*CQ*.