Figure 7-4 Figure 7-4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7-4.Assuming the firm is profit maximising,what is the amount of its total fixed cost?
A) $1080
B) $1440
C) $2520
D) It cannot be determined.

Question

Figure 7-4  Figure 7-4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7-4.Assuming the firm is profit maximising,what is the amount of its total fixed cost?
A) $1080 
B) $1440 
C) $2520 
D) It cannot be determined.

Quizplus · Accepted Answer

The Answer of Figure 7-4  Figure 7-4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7-4.Assuming the firm is profit maximising,what is the amount of its total fixed cost?
A) $1080 
B) $1440 
C) $2520 
D) It cannot be determined.

Figure 7-4 Figure 7-4 Shows the Cost and Demand