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:

Normal

An expected condition or state, often considered to be the standard or average.

Complicated

Involving many different and confusing aspects; not simple or easy to resolve.

Worden's Mourning

A theory outlining four tasks that people move through in the grieving process, aimed at helping individuals cope with loss.

Widower

A man who has lost his spouse through death and has not remarried.