The Figure Given Below Shows the Revenue and Cost Curves

question 120

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
-According to Figure 9.2,the break-even price of the firm is:

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

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Definitions:

Disciplining Bodies

Practices and institutions that aim to regulate, control, and shape bodies according to specific norms, often reflecting power dynamics and social control.

Giddens's Analysis

An approach to understanding society that emphasizes the interplay between structure and agency, as developed by sociologist Anthony Giddens.

Globalization

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Modernity

A historical period or the quality of being modern, often associated with cultural and social changes brought about by technological innovation and industrialization.