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

Quizplus · Accepted Answer

Total revenue for a producer is calculated by multiplying the price per unit by the quantity sold, which is represented by the area under the price level up to the quantity sold, hence 0P*CQ*.