
Figure 12-8

-Refer to Figure 12-8.Suppose the firm produces 4,000 units.What does the shaded area labeled A represent?
A) total variable cost
B) profit
C) total fixed cost
D) total revenue
Correct Answer:
Verified
Q135: Figure 12-8 Q136: Table 12-3 Q137: What is always true at the quantity Q138: Profit is the difference between Q139: If price = marginal cost at the Q141: Max Shreck, an accountant, quit his $80,000-a-year Q142: Maximizing average profit is equivalent to maximizing Q143: When a perfectly competitive firm finds that Q144: Suppose Veronica sells teapots in the perfectly Q145: Suppose Veronica sells teapots in the perfectly
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A)marginal revenue and
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