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The Figure Given Below Shows the Revenue and Cost Curves

Question 72

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The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2
The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2    MC: Marginal cost curve MR: Marginal revenue curve ATC: Average-total-cost curve AVC: Average-variable-cost curve -Refer to Figure 10.2. What is the firm's total fixed cost at the profit-maximizing output level? A) $400 B) $300 C) $600 D) $450 E) $500 MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-Refer to Figure 10.2. What is the firm's total fixed cost at the profit-maximizing output level?


A) $400
B) $300
C) $600
D) $450
E) $500

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