Use the Following to Answer Question(s)

question 135

Multiple Choice

Use the following to answer question(s) :
Exhibit: Total Revenue, Total Cost, and Economic Profit

-(Exhibit: Total Revenue, Total Costs, and Economic Profit) Total economic profit:

• A) at its maximum is approximately $550.
• B) is at its maximum when output is approximately 4,300 pounds.
• C) is maximized at an output of approximately 1,500 pounds.
• D) is at a maximum at total revenue of $2,800 and an output of 10,000 pounds.

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