Refer to the Following Graph to Answer the Following Questions

question 15

Multiple Choice

Refer to the following graph to answer the following questions:

-In the long run,which of the following is true for the profit-maximizing firm?

• A) The firm's demand curve shifts leftward.
• B) The firm's average total cost curve shifts upward.
• C) Profit is $1,200 per day.
• D) Profit is $1,500 per day.
• E) The firm's average total cost curve shifts downward,while the marginal cost curve shifts upward.

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Definitions:

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