The Table Given Below Reports the Marginal Revenue and Marginal

question 79

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2

-Assume that a firm's marginal revenue curve intersects the rising portion of its marginal cost curve at 500 units of output. At this output level, a profit-maximizing firm's total cost of production is $1,000. If the price of the product is $5 per unit, the total revenue earned by the firm will be:

• A)$1,500.
• B)$250.
• C)$500.
• D)$2,500.
• E)$1,000.

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Definitions:

Innervation

The supply of nerves to a specific body part, enabling sensation and movement.

Blood Vessels

Tubular structures carrying blood through the tissues and organs; a network of arteries, veins, and capillaries.

Skeletal Muscles

Voluntary muscles attached to the skeleton that are responsible for movement and maintaining posture by contracting.

Sympathetic

Pertaining to the sympathetic nervous system, a part of the autonomic nervous system that prepares the body for fight or flight responses.