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1. Use the graph below to answer the following questions. MR, AC, MC MC Demand D E C AC G B MR A Quantity a.
1. Use the graph below to answer the following questions. MR, AC, MC MC Demand D E C AC G B MR A Quantity a. After maximizing profits, what do the firm's costs equal? A. the area of rectangle ABGH B. the area of rectangle BDEG C. the area of rectangle ACFH D. the area of rectangle ADEH b. After maximizing profits, what does the firm's revenue equal? A. the area of rectangle ABGH B. the area of rectangle BDEG C. the area of rectangle BCFG D. the area of rectangle ADEH c. After maximizing profits, what do the firm's profit's equal? A. the area of rectangle ABGH B. the area of rectangle BDEG C. the area of rectangle BCFG D. the area of rectangle ADEH
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