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Figure 11-3 Figure 11-3 Shows Short-Run Cost and Demand

Question 38

Multiple Choice

Figure 11-3 Figure 11-3 Figure 11-3 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches. -Refer to Figure 11-3.What is the area that represents the total revenue made by the firm? A) 0P<sub>0</sub>aQ<sub>a</sub> B) 0P<sub>1</sub>bQ<sub>a</sub> C) 0P<sub>2</sub>cQ<sub>a</sub> D) 0P<sub>3</sub>dQ<sub>a</sub> Figure 11-3 shows short-run cost and demand curves for a monopolistically competitive firm in the market for designer watches.
-Refer to Figure 11-3.What is the area that represents the total revenue made by the firm?


A) 0P0aQa
B) 0P1bQa
C) 0P2cQa
D) 0P3dQa

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