This graph represents the cost and revenue curves of a firm in a perfectly competitive market. 
According to the graph shown,the long-run output decision for this firm is:
Definitions:
Variable Cost
Overheads that see variation directly aligned with output quantities.
Operating Leverage
The degree to which a company can increase its profits by increasing sales, highlighting the fixed versus variable costs structure.
Base-Case Scenario
In financial modeling and decision making, it refers to the standard set of assumptions used as a baseline for projecting the financial performance or outcome of a project.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, indicating the percentage of fixed versus variable costs that a company has.
Q7: If wages drop below the market equilibrium
Q13: Tina withdraws $20,000 from her money market
Q46: Total cost includes:<br>A) one-time expenses and ongoing
Q55: An employer asking for a list of
Q58: In general,economic profits are:<br>A) greater than accounting
Q76: A duopoly is:<br>A) a strategy that benefits
Q84: Statistical discrimination using gender and age:<br>A) is
Q96: When economic profits are positive,accounting profits could
Q99: The nutritional information now available at many
Q132: This graph represents the cost and revenue