Use the following figure to answer the question : Figure 11-5 : shows the demand curve and the marginal revenue curve of a monopolist.On the horizontal axis,OG = GF.
-Refer to Figure 11-5.Total revenue is highest at point _____ on the demand curve.
A)E
B)F
C)A

Question

Use the following figure to answer the question : Figure 11-5 : shows the demand curve and the marginal revenue curve of a monopolist.On the horizontal axis,OG = GF. 
-Refer to Figure 11-5.Total revenue is highest at point _____ on the demand curve.
A)E 
B)F 
C)A

Quizplus · Accepted Answer

Total revenue is highest at the point on the demand curve where the price and quantity combination maximizes the area of the rectangle formed by these two dimensions. Point A represents the highest total revenue because it balances a relatively high price with a high quantity sold, maximizing the total revenue area under the demand curve.

Use the Following Figure to Answer the Question : Figure