This Graph Represents the Cost and Revenue Curves of a Firm

question 101

Multiple Choice

This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According to the graph shown,if a firm is producing at Q2:

• A)profits are being maximized.
• B)average total costs are minimized.
• C)it is producing at an efficient scale.
• D)All of these are true.

---

Definitions:

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of diseases, illnesses, injuries, and other physical and mental impairments in people.

Dating Violence

A pattern of abusive or coercive behaviors used by one individual to exert power and control over another in the context of a dating relationship.

Gender

A social construct referring to roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Per Capita

A statistical measure that divides the total amount of something by the number of people in a population, often used to indicate average per person.