Figure 16-1

question 37

Multiple Choice

Figure 16-1. The figure is drawn for a monopolistically competitive firm.

-Refer to Figure 16-1.If the average variable cost is $13 at the profit-maximizing quantity,and if the firm's profit is $20 at that quantity,then its fixed costs amount to

• A) $12.
• B) $22.
• C) $40.
• D) $60.