Refer to the figure above. What is the revenue of the firm when it sells the profit-maximizing level of output?

A) $40
B) $160
C) $180
D) $240

D

Economics

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Which one of the following is TRUE about the effects of fiscal policy?

A) A decrease in government spending will decrease aggregate demand. B) A tax change does not have any direct or indirect effects on aggregate demand. C) A decrease government spending will increase aggregate supply. D) An increase in government spending will reduce aggregate demand.

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The government corporation that insures pension benefits is

A) Fannie Mae. B) Ginnie Mae. C) Penny Benny. D) Sallie Mae.

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