Using a TR-TC Graph,a Firm Maximizes Profit by Producing the Output

question 23

Multiple Choice

Using a TR-TC graph,a firm maximizes profit by producing the output level where the greatest

• A)vertical distance occurs between the MR and MC curves
• B)vertical distance occurs between the TR and TC curves,and the TR curve is above the TC curve
• C)total revenue occurs
• D)horizontal distance occurs between the TR and TC curves,and the TR curve is above the TC curve
• E)horizontal distance occurs between the MR and MC curves,and the MR curve is rising