Figure 10-4
Figure 10-4 shows the demand and cost curves for a monopolist.
-Refer to Figure 10-4.What is the amount of the monopoly's total cost of production?
A) $21,600
B) $17,700
C) $9,340
D) $7,800

Question

Figure 10-4
  Figure 10-4 shows the demand and cost curves for a monopolist.
-Refer to Figure 10-4.What is the amount of the monopoly's total cost of production?
A) $21,600 
B) $17,700 
C) $9,340 
D) $7,800

Quizplus · Accepted Answer

The total cost curve intersects the quantity axis at $9,340, which is the fixed cost. At the profit-maximizing output of 300 units, the total cost is approximately $17,700. Therefore, the correct answer is B.

Figure 10-4 Figure 10-4 Shows the Demand and Cost Curves