Figure 16-4 1300 1200 1100 1000 900 8:00 700 600 500 400 3:00 200 100 $ ATC ME MRI 5 10 15 20 25 30 35 40 45 50 Quantity Refer to Figure 16-4. At the profit-maximizing, or loss-minimizing, output level, the firm in this figure has total revenue of approximately O a. $12,000. O b. $27,300. O c. $24,000. O d. $21,000

Figure 16-4 1209 MO 1100 1090 ATC D MR Refer to Figure 16-4. At the profit-maximizing, or loss-minimizing, output level, the firm in this figure has total revenue of approximately :a.$12,000 O b. $27 300 O c. $24,000 O d. $21,000