Figure 8-3 shows the total revenue and total cost for a firm at selected output levels. Which is the highest possible level of profit for this firm over this output range?

Figure 8-3

Units of

Output

Total

Cost

Total

Revenue

0

$500

0

100

$900

$800

200

$1,200

$1,500

300

$1,600

$2,100

400

$2,300

$2,500

500

$3,300

$2,800

• A.-$500
• B.$500
• C.$300
• D.$2,100
• E.$1,600