In the figure given below,curves F,C,and G denote the total cost,the total variable cost,and the total fixed cost of a firm.
-In Figure 8-1,which of the following distances represent the total cost of producing BT units of output?
A)SR
B)ST
C)RT
D)AB

Question

In the figure given below,curves F,C,and G denote the total cost,the total variable cost,and the total fixed cost of a firm. 
-In Figure 8-1,which of the following distances represent the total cost of producing BT units of output?
A)SR 
B)ST 
C)RT 
D)AB

Quizplus · Accepted Answer

From the given graph, point T represents the output level BT units of output and distance ST represent the total cost of producing BT units of output, which includes both fixed and variable costs.

In the Figure Given Below,curves F,C,and G Denote the Total