66. Refer to Figure 12-4. What is the amount of its total fixed cost? 1. A) $1,080 2. B) $1,440 3. C) $2,520 4. D) It cannot be determined.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 10SQP
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Figure 12-4:
Price
and
cost
$40.50
36.00
30.00
22.00
20.00
MC
ATC
AVC
0
130
180
240
66. Refer to Figure 12-4. What is the amount of its total fixed cost?
1. A) $1,080
2. B) $1,440
3. C) $2,520
4. D) It cannot be determined.
MR
Quantity
Transcribed Image Text:Figure 12-4: Price and cost $40.50 36.00 30.00 22.00 20.00 MC ATC AVC 0 130 180 240 66. Refer to Figure 12-4. What is the amount of its total fixed cost? 1. A) $1,080 2. B) $1,440 3. C) $2,520 4. D) It cannot be determined. MR Quantity
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