Use the Figure to Answer the Following Question(s)

question 37

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-8
-At the market price of $3 in Figure 9-8, indicate the firm's total revenue and total cost at its profit-maximizing level of output.

• A) total revenue, $45; total cost, $37 (approx.)
• B) total revenue, $45; total cost, $45
• C) total revenue, $60; total cost, $45
• D) total revenue, $80; total cost, $65 (approx.)

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Definitions:

Pollution

The introduction of contaminants into the natural environment, causing adverse change and harm to habitats and organisms.

Sources

Refers to the origins or places from which something is obtained, often used in the context of gathering information or materials.

Emissions Tax

A tax imposed on the emission of pollutants, aimed at reducing environmental harm by incentivizing companies to lower their pollution levels.

Marginal Benefit

The further enjoyment or utility obtained when one more unit of a product or service is consumed.