The Figure Given Below Shows the Revenue and Cost Curves

question 43

Multiple Choice

The figure given below shows the revenue and cost curves of a perfectly competitive firm. Figure 9.2
MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-Refer to Figure 9.2.The firm will suspend production if the price falls below:

• A)$30.
• B)$50.
• C)$10.
• D)$20.
• E)$35.