Figure 13-4 Figure 13-4 Shows Short-Run Cost and Demand Curves for a and Demand

Multiple Choice

Figure 13-4

Figure 13-4 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches.
-Refer to Figure 13-4.What is the area that represents the total fixed cost of production?

A) 0P₁aQₐ
B) P₀adP₃
C) P₁bdP₃
D) That information cannot be determined from the graph.