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.

Name: 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.
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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 midpoint of the demand curve, which typically corresponds to the price where elasticity is unitary. In this context, it is given as $50.

Figure 5-5 -Refer to Figure 5-5. the Maximum Value of Total Revenue