In Figure 17-4, Below, Initial Demand, Marginal Cost, and Marginal

question 100

Multiple Choice

In Figure 17-4, below, initial demand, marginal cost, and marginal revenue curves (none of them shown) caused the firm to produce the profit-maximizing quantity Y₀ at a price of P0. Now the demand and marginal cost curves have moved to those shown, with the marginal revenue curve running through point L.
Figure 17-4
-If the firm in the figure above maintains its set price of P0, its profit is

• A) G + H.
• B) G + J.
• C) F + G + J.
• D) G + H + J + K.
• E) J + K.

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