Use the Figure to Answer the Following Question(s)

question 28

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-4
-If the market price of the product in Figure 9-4 rose to $8, indicate the firm's profit-maximizing output and total revenue.

• A) output, 5 million; total revenue, $30 million
• B) output, 5 million; total revenue, $40 million
• C) output, 6 million; total revenue, $10 million (approx.)
• D) output, 6 million; total revenue, $48 million

---

Definitions:

Lecturing

The process of teaching by giving spoken explanations on a specific topic, typically as part of educational instruction in classroom or university settings.

Performance Tests

Evaluations designed to measure the efficiency, reliability, or effectiveness of a system, component, or person in a specific context.

Job Tests

Tools and assessments used by employers to evaluate the skills, abilities, and suitability of job applicants for specific roles.

Physical Examinations

Assessments of the body conducted by a healthcare professional to evaluate the presence or absence of physical diseases or conditions.