on-a-graph-of-total-revenue-versus-quantity-what-does-the-peak-of-the-curve-repr

Question

On a graph of total revenue versus quantity, what does the peak of the curve represent?

Accepted Answer

The unit elastic point where total revenue is maximized.

Answer

The point of lowest quantity demanded.

Answer

The point of highest price.

Answer

The point where demand is perfectly inelastic.