Figure 13-4 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches.
-Refer to Figure 13-4.What is the area that represents the total fixed cost of production?
A)0P1aQa
B)P0adP3
C)P1bdP3
D)That information cannot be determined from the graph.

Question

Figure 13-4 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches.
-Refer to Figure 13-4.What is the area that represents the total fixed cost of production?
A)0P1aQa 
B)P0adP3 
C)P1bdP3 
D)That information cannot be determined from the graph.

Quizplus · Accepted Answer

The Answer of  Figure 13-4 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches.
-Refer to Figure 13-4.What is the area that represents the total fixed cost of production?
A)0P1aQa 
B)P0adP3 
C)P1bdP3 
D)That information cannot be determined from the graph.

Figure 13-4 Shows Short-Run Cost and Demand Curves for a Monopolistically