The Figure Given Below Shows the Demand Curve in the U.S.and

question 84

Multiple Choice

The figure given below shows the demand curve in the U.S.and the cost curves in U.S.and India. Figure: 15.4 In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.
MR: Marginal revenue curve in the U.S.
-According to Figure 15.4,the price and quantity of the good if produced by U.S.would be _____ and _____ respectively.

• A)P₁; Q₁
• B)P₃; Q₃
• C)P₂; Q₄
• D)P₂; Q₂
• E)P₄; Q₄

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Definitions:

Investment Decision

The process of evaluating and selecting where to allocate financial resources to achieve anticipated financial returns or gains.

Straight-Line Depreciation

A method of calculating the depreciation of an asset whereby the original cost is reduced equally across each year of its estimated useful life.

Salvage Value

The predicted disposal value of an asset at the conclusion of its usable life.