Use the Figure Below to Answer the Following Questions

question 81

Multiple Choice

Use the figure below to answer the following questions.

Figure 12.3.1
-Refer to Figure 12.3.1, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive industry. In the short run, the firm will

• A)exit from the industry.
• B)break even.
• C)make an economic profit.
• D)incur an economic loss.
• E)close down.

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Definitions:

Myofibrils

The long, filamentous organelles found within muscle cells that are responsible for muscle contraction.

Sarcomeres

The basic contractile units of muscle fiber, responsible for muscle contraction.

Anaerobic Respiration

A type of respiration that occurs without the presence of oxygen, using compounds other than oxygen to react with glucose to produce energy.

Aerobic Respiration

A metabolic process that uses oxygen to generate ATP by breaking down glucose and other nutrients; it occurs in the mitochondria.