Use the Following Scenario to Answer the Following Questions

question 165

Multiple Choice

Use the following scenario to answer the following questions:
Chuck Diesel Burger is a food truck in Houston,Texas.Imagine that Chuck Diesel Burger's minimum average total cost (ATC) is $3.75 and that its minimum average variable cost (AVC) is $2.50.Assume there are no barriers to entrer into or exit from the food-truck market.
-Chuck Diesel Burger will make a positive economic profit if the price is equal to

• A) $4.00.
• B) $3.75.
• C) $3.00.
• D) $2.50.
• E) $2.00.

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Definitions:

Export Market

The international market where goods and services produced in one country are sold or distributed to buyers in other countries.

Boycotted

The act of abstaining from using, buying, or dealing with as a means of protest or coercion.

Hattie McDaniel

The first African American to win an Oscar, for her role as Mammy in "Gone with the Wind" (1939), breaking racial barriers in the film industry.

African American

Referring to Americans of African ancestry, and often used within contexts discussing cultural, social, and political issues related to this community.