Figure 5-5
-Refer to Figure 5-5.The maximum value of total revenue corresponds to a price of
A)$20.
B)$50.
C)$70.
D)$100.

Question

Figure 5-5 
-Refer to Figure 5-5.The maximum value of total revenue corresponds to a price of
A)$20. 
B)$50. 
C)$70. 
D)$100.

Quizplus · Accepted Answer

The maximum value of total revenue occurs at the price where the slope of the total revenue curve is zero. In this case, it occurs at a price of $50, which is the peak of the curve. Therefore, the best choice would be to set the price at $50 to maximize revenue.

Figure 5-5 -Refer to Figure 5-5.The Maximum Value of Total Revenue Corresponds