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The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 10.3 Price MC ATC AVC 14 MR 11

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The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 10.3 Price MC ATC AVC 14 MR 11 10 NO 4 7 11 14 16 18 Quantity Refer to Figure 10.3 and calculate the firm's total revenue at the profit maximizing level of output. O $196 O $200 O $169 O $154 O $225

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