Refer to the Accompanying Figure to Answer the Following Questions

question 65

Multiple Choice

Refer to the accompanying figure to answer the following questions.

-The total revenue when a firm is profit maximizing is

• A) $70,000.
• B) $50,000.
• C) $67,500.
• D) $60,000.
• E) $25,000.

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Definitions:

Proposition

A pronouncement that reveals a judgment or perspective.

Equivalent

Equal in value, amount, function, meaning, etc.

Word Order

The arrangement of words in a sentence to convey meaning, determined by the grammatical rules of a language.

Metaphor

A figure of speech where a word or phrase is applied to an object or action to which it is not literally applicable, implying a resemblance.