Figure 13-13
-Refer to Figure 13-13.What is the area that represents the firm's profit?
A)profit = 0
B)P4edP2
C)P4eaP1
D)P3baP2

Name: Figure 13-13 -Refer to Figure 13-13.What is the area that represents the firm's profit? A)profit = 0 B)P4edP2 C)P4eaP1 D)P3baP2
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Question

Figure 13-13 
-Refer to Figure 13-13.What is the area that represents the firm's profit?
A)profit = 0 
B)P4edP2 
C)P4eaP1 
D)P3baP2

Quizplus · Accepted Answer

The area that represents the firm's profit is the area above the average variable cost curve and below the price line. In Figure 13-13, this area is represented by the rectangle P4edP2.

Figure 13-13 -Refer to Figure 13-13.What Is the Area That Represents the That