The Following Graph Shows the Average and Marginal Revenue Curves

question 161

Multiple Choice

The following graph shows the average and marginal revenue curves for a monopolist:

-Refer to the graph above to answer this question.At what output is total revenue maximized?

• A)30.
• B)40.
• C)50.
• D)60.

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Definitions:

Transverse Foramina

Holes found in the transverse processes of cervical vertebrae through which the vertebral artery and vein and sympathetic nerves pass.

Cervical Vertebrae

The uppermost seven vertebrae in the vertebral column, located in the neck, designated C1 through C7.

Xiphoid Process

the small, cartilaginous process extending from the lower part of the sternum, which becomes ossified in adults.

Sternum

The long, flat bone located in the central part of the chest, connecting with the ribs via costal cartilages to form the front part of the rib cage.