What is the total fixed cost in Figure 21.2?
A)$80.
B)$10,000.
C)$9,600.
D)$29,600.

Question

What is the total fixed cost in Figure 21.2? 
A)$80. 
B)$10,000. 
C)$9,600. 
D)$29,600.

Quizplus · Accepted Answer

The total fixed cost is the vertical distance between the y-axis (representing cost) and the point where the total cost curve intersects the y-axis. In this case, the total fixed cost is $9,600. This can be seen by tracing a vertical line from the point where the total cost curve intersects the y-axis, and reading the value from the y-axis.

What Is the Total Fixed Cost in Figure 21