Refer to the Figure Below

question 81

Multiple Choice

Refer to the figure below. If the market for doughnuts is perfectly competitive, then assuming this firm can earn enough revenue to cover its variable cost, it should produce:

• A)50 doughnuts per day.
• B)the quantity of doughnuts at which average total cost equals the market price.
• C)the quantity of doughnuts at which marginal cost equals the market price.
• D)the quantity of doughnuts at which average total cost is minimized.

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Definitions:

Genetic

Refers to the hereditary material in humans and other organisms, encompassing genes and DNA that influence traits and characteristics.

Natural Selection

A process in evolutionary biology where organisms with traits better suited to their environment are more likely to survive and reproduce, passing those traits to future generations.

Genetic Variations

Differences in DNA sequences among individuals, which contribute to the population's genetic diversity.

Epigenetic Changes

Modifications to the genome that affect gene activity without altering the DNA sequence, often influenced by environmental factors.