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.

---

Definitions:

Salary and Commission

A compensation structure that combines a fixed salary with performance-based commissions, often used in sales jobs.

Turnover Problem

A situation in which a company or organization experiences a higher rate of employees leaving than is desired or expected.

Owners Care

The concern and attention to detail that business owners have towards their companies, employees, and customers.

Branding Message

The core theme or statement that represents a brand's values, mission, and identity to its target audience.