Answered: 66. Refer to Figure 12-4. What is the…

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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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