-Refer to the Graph Above

question 136

Multiple Choice

-Refer to the graph above.If the market price equals $16 and this firm is maximizing profit,which of the following is NOT true?

• A) The firm's total cost equals $50.
• B) The firm's total revenue equals $80.
• C) The firm's total profit equals $30.
• D) The firm's profit per unit equals $6.
• E) The firm's fixed cost equals $2.

---

Definitions:

Credit Balance

Occurs when the amount paid is greater than was due or the account is being paid in advance of service provided.

Processing Fee

A charge assessed for the handling, processing, or servicing of an application, transaction, or purchase.

Monthly Billing

A payment structure where charges for services or utilities are invoiced to customers every month.

Processing and Mailing

The series of operations involved in preparing and sending documents or packages through postal or courier services.