The Graph Shown Displays the Cost and Revenue Curves Associated

question 127

Multiple Choice

The graph shown displays the cost and revenue curves associated with a monopolistically competitive firm. This firm will earn:

• A)positive profits equal to area A.
• B)positive profits equal to area C.
• C)negative profits (a loss)equal to area A.
• D)negative profits (a loss)equal to area B.

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Definitions:

Sporophyte

The diploid multicellular stage in the life cycle of a plant or alga that produces spores through meiosis.

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes, or sex cells, by mitosis.

Alternation of Generations

A reproductive cycle of certain plants and algae that alternates between a sexual phase (gametophyte) and an asexual phase (sporophyte).

Sporophyte

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.