In a Competitive Market the Price Is $8

question 127

Multiple Choice

In a competitive market the price is $8. A typical firm in the market has ATC = $6, AVC = $5, and MC = $8. How much economic profit is the firm earning in the short run?

• A)$0 per unit
• B)$1 per unit
• C)$2 per unit
• D)$3 per unit

Assess methods for evaluating the age and movement of slope failures.

Interpret visual material to identify slope failures and their features.

Evaluate the risk level of areas based on their slope failure potential.

Understand the measures that can reduce the risk of slope failures.