-In the above figure, the area of rectangle ABHG represents the monopolist's
A) maximized economic profits.
B) maximized total revenue.
C) average total profits.
D) total costs.

Question

-In the above figure, the area of rectangle ABHG represents the monopolist's
A) maximized economic profits. 
B) maximized total revenue. 
C) average total profits. 
D) total costs.

Quizplus · Accepted Answer

The area of rectangle ABHG represents the monopolist's maximized economic profits, as it is the area between the price and average total cost at the profit-maximizing quantity.

-In the Above Figure, the Area of Rectangle ABHG Represents