Figure 14-7
-Refer to Figure 14-7. Suppose AVC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to
A)$5,500, and its profit amounts to $20,375.
B)$5,750, and its profit amounts to $20,375
C)$5,980, and its profit amounts to $25,750.
D)$6,180, and its profit amounts to $25,750.

Question

Figure 14-7 
-Refer to Figure 14-7. Suppose AVC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to
A)$5,500, and its profit amounts to $20,375. 
B)$5,750, and its profit amounts to $20,375 
C)$5,980, and its profit amounts to $25,750. 
D)$6,180, and its profit amounts to $25,750.

Quizplus · Accepted Answer

The Answer of Figure 14-7 
-Refer to Figure 14-7. Suppose AVC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to
A)$5,500, and its profit amounts to $20,375. 
B)$5,750, and its profit amounts to $20,375 
C)$5,980, and its profit amounts to $25,750. 
D)$6,180, and its profit amounts to $25,750.

Figure 14-7 -Refer to Figure 14-7. Suppose AVC = $113 When the $113