Refer to the accompanying graph to answer the following questions.

-If the firm is maximizing profits,total cost is represented by the area
A) B * C
B) A * C
C) (A -
B) * C
D) A * B.
E) (A +
B) * C.

Name: Refer to the accompanying graph to answer the following questions. -If the firm is maximizing profits,total cost is represented by the area A) B * C B) A * C C) (A - B) * C D) A * B. E) (A + B) * C.
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Question

Refer to the accompanying graph to answer the following questions.
 
-If the firm is maximizing profits,total cost is represented by the area
A) B * C 
B) A * C 
C) (A - 
B) * C 
D) A * B. 
E) (A + 
B) * C.

Quizplus · Accepted Answer

Total cost is represented by the area of the rectangle with height C and width (A - B).

Refer to the Accompanying Graph to Answer the Following Questions