The Figure Given Below Shows the Revenue and Cost Curves

question 92

Multiple Choice

The figure given below shows the revenue and cost curves of a monopolistically competitive firm. Figure: 11.3 In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-The profit per unit of output for the firm in the Figure 11.3 is:

• A)P₅ - P_3.
• B)P₆ - P_3.
• C)P₃ - P_2.
• D)P₆ - P_2.
• E)P₄ - P_2.

---

Definitions:

Invoice

A statement provided by a seller to a buyer that outlines the details of a transaction and asks for payment.

Payment Terms

The terms that dictate when a seller will finalize a transaction, usually detailing the timeframe a buyer is granted to settle the owed amount.

Balance

The amount of money currently in an account or the difference between the total debits and credits recorded.

Overhead Costs

Expenses related to the day-to-day running of a business that are not directly linked to a specific product or service.