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The Figure Given Below Shows the Revenue and the Cost

Question 51

Multiple Choice

The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 23.3 The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 23.3 Refer to Figure 23.3 and calculate the total fixed cost borne by the firm at the profit maximizing level of the output. A) $28 B) $84 C) $70 D) $56 E) $42 Refer to Figure 23.3 and calculate the total fixed cost borne by the firm at the profit maximizing level of the output.


A) $28
B) $84
C) $70
D) $56
E) $42

Correct Answer:

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