Use the figure to answer the following question(s) .
Figure 9-11 
-Which of the following represents the firm's total cost of producing the profit-maximizing output in Figure 9-11?
Definitions:
Expenses
Costs incurred during the operation of a business that are necessary for generating revenue, such as rent, salaries, utilities, and materials.
Residual Value
The estimated value of a fixed asset at the end of its useful life.
Useful Life
The estimated lifespan of a depreciable asset during which it can be expected to contribute to company operations.
Average Rate of Return
A financial metric used to evaluate the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.
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