The Figure Given Below Shows the Revenue and the Cost

question 32

Multiple Choice

The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 9.3
- In Figure 9.3,at equilibrium,the firm enjoys a profit of:

• A)$69.
• B)$42.
• C)$60.
• D)$27.
• E)$48.

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Definitions:

Economic Deprivation

A condition where individuals or groups are unable to access or afford the basic needs for a comfortable life, often due to a lack of financial resources.

Nonroutine Collective Action

Group actions that are spontaneous or unplanned, often in response to an event or situation that deviates from societal expectations or routines.

Lynching

Extrajudicial execution carried out by a group, bypassing legal sanction to enforce perceived justice or supremacy, often racially motivated.

Social Solidarity

Refers to (1) the degree to which group members share beliefs and values and (2) the intensity and frequency of their interaction.