-The Above Figure Shows Three Possible Average Total Cost Curves

question 171

Multiple Choice

-The above figure shows three possible average total cost curves.If all firms in a perfectly competitive industry each have an average total cost curve identical to ATC?,each produce 30 units,and the market price of the good is $16 per unit,then the firms

• A) make zero economic profit and new firms enter the market.
• B) make zero economic profit and no firms enter or exit the market.
• C) make zero economic profit and some firms exit the market.
• D) incur an economic loss and some firms exit the market.
• E) make an economic profit and new firms enter the market.

Comprehend the relationship between language and culture as evidenced by linguistic relativity.

Recognize the importance of relevant information in solving numerical and structured problems.

Understand different problem-solving strategies and when to apply them.

Distinguish between algorithms, heuristics, and analogies in problem-solving.

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Definitions:

Zygote

The initial cell formed when a sperm cell from a male and an ovum from a female merge during fertilization.

Codominance

An outcome in which a trait that is determined by two alleles is different from the trait produced by either of the contributing alleles alone.

Recessive Trait

A genetic feature or condition that is expressed in an organism only when two copies of the gene are present, often masked by the presence of a dominant allele when only one copy is present.

Homozygous Genotype

An organism's genetic makeup consisting of two identical alleles for a particular trait.