The area under the MC curve is not a good measure of total cost. Which of the following reasons offers the best explanation of why that is true?
The area under the MC curve only gives the variable cost.
Total cost is given by the area above the MC curve and below the price at which MR = MC.
Total cost is given by the area under the ATC curve and not the MC curve.
Total cost is given by the sum of MC and fixed cost curves.
The area under the MC curve only gives the variable cost.
WRONG Total cost is given by the area above the MC curve and below the price at which MR = MC.