The Following Graph Shows the Average and Marginal Revenue Curves

question 72

Multiple Choice

The following graph shows the average and marginal revenue curves for a monopolist:

-Refer to the graph above to answer this question.At what price is total revenue maximized?

• A)0.
• B)$30.
• C)$300.
• D)$600.

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Definitions:

Subfornical Organ

A small organ located in the brain that is involved in regulating bodily fluids and certain behaviors.

Angiotensin

A peptide hormone that causes vasoconstriction and an increase in blood pressure, also playing a role in the regulation of fluid and electrolyte balance.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.

Hypovolemia

A medical condition characterized by a decrease in the volume of blood plasma in the body.