Exhibit 8-10
-In Exhibit 8-10, total cost at the profit-maximizing output level equals

Name: Exhibit 8-10 -In Exhibit 8-10, total cost at the profit-maximizing output level equals
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Question

Exhibit 8-10 
-In Exhibit 8-10, total cost at the profit-maximizing output level equals

Quizplus · Accepted Answer

Total cost at the profit-maximizing output level is equal to total fixed cost plus total variable cost. Total fixed cost is $2,000 and total variable cost is $2,800. Therefore, total cost is $2,000 + $2,800 = $4,800.

Exhibit 8-10 -In Exhibit 8-10, Total Cost at the Profit-Maximizing Output Level