- In Figure 24.2,total cost at the profit-maximizing rate of output is
A)$16.00.
B)$18.80.
C)$22.00.

Name: - In Figure 24.2,total cost at the profit-maximizing rate of output is A)$16.00. B)$18.80. C)$22.00.
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Question

- In Figure 24.2,total cost at the profit-maximizing rate of output is
A)$16.00. 
B)$18.80. 
C)$22.00.

Quizplus · Accepted Answer

Total cost at the profit-maximizing rate of output is equal to the sum of fixed cost and variable cost. In this case, fixed cost is $10 and variable cost is $8.80. Therefore, total cost is $10 + $8.80 = $18.80.

- in Figure 24