(Table) Based on the Table, What Is Total Revenue for John's

question 164

Multiple Choice

(Table) Based on the table, what is total revenue for John's Tricycle Company if it produces at its profit-maximizing output?
$\begin{array}{|c|c|c|}\hline \text { Output } & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} & \begin{array}{c}\text { Total } \\\text { Revenue }\end{array} \\\hline 5 & 1,200 & 7,500 \\\hline 6 & 1,300 & 9,000 \\\hline 7 & 1,400 & 10,500 \\\hline 8 & 1,500 & 12,000 \\\hline 9 & 1,600 & 13,500 \\\hline\end{array}$

• A) $10,500
• B) $0
• C) $11,900
• D) $12,000

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