Figure 6.1 -Refer to Figure 6.1. Given MR₂, What Is Total Revenue

question 127

Multiple Choice

Figure 6.1

-Refer to Figure 6.1. Given MR₂, what is total revenue if the firm produces 60 units and the lowest point of the average-total-cost curve is $4?

• A) $240
• B) $300
• C) $400
• D) $440
• E) The amount cannot be determined from the information given.