The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market.

-Refer to the figure above.Suppose the price in this market is $5.What is the revenue of the firm,when it sells the profit-maximizing level of output?
A) $5,000
B) $1,600
C) $1,800
D) $3,500

Question

The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market.
 
-Refer to the figure above.Suppose the price in this market is $5.What is the revenue of the firm,when it sells the profit-maximizing level of output?
A) $5,000 
B) $1,600 
C) $1,800 
D) $3,500

Quizplus · Accepted Answer

The Answer of The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market.
 
-Refer to the figure above.Suppose the price in this market is $5.What is the revenue of the firm,when it sells the profit-maximizing level of output?
A) $5,000 
B) $1,600 
C) $1,800 
D) $3,500

The Following Figure Shows the Marginal Cost Curve and the Average