Answer the Question on the Basis of the Following Data

question 33

Multiple Choice

Answer the question on the basis of the following data confronting a firm: $\begin{array}{l}\begin{array}{ccr}&&\text { Marginal }\\\text { Output } & & \text { Reven } \\\hline0&&--\\1 & & \$ 16 \\2 & & 16 \\3 & & 16 \\4 & & 16 \\5 & & 16\end{array}\begin{array}{c}Marginal\\Cost\\\hline--\\\$ 10 \\9 \\13 \\17 \\21\end{array}\end{array}$ Refer to the data.At the profit-maximizing output,the firm's total revenue is:

• A) $48.
• B) $32.
• C) $80.
• D) $64.

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Definitions:

Invoice

A document issued by a seller to a buyer that specifies the products or services being sold, their quantity, and the price.

Transaction

A transaction is an agreement or exchange between two or more parties that is enforceable by law.

Debit Balance

A financial account status where the total debits exceed the total credits, indicating an amount owed.

Office Supplies

Items used in offices on a regular basis for the purpose of carrying out tasks and operations, including pens, paper, and staplers.