The Following Figure Depicts the Marginal Cost Curve, the Average

question 250

Multiple Choice

The following figure depicts the marginal cost curve, the average total curve, and the average variable cost curve of a certain firm.

-Refer to the figure above.What is the price on the market when the firm makes a profit of $4,50?

• A) $4
• B) $5
• C) $6
• D) $8

---

Definitions:

Periodic Blood Testing

Medical tests that are done at regular intervals to monitor an individual's health or the progress of a disease.

Price Regulation

The imposition of controls by a government on the price(s) that can be charged for goods and services in a market.

Lifesaving Drug

A medication that is essential for survival, often used to treat a life-threatening condition or disease.

Bundle

The practice of selling multiple products or services together as a single combined unit, often at a reduced price compared to purchasing the items separately.