Use the Following Scenario to Answer the Following Questions

question 105

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 break even 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:

Identifies

Recognizes or establishes the identity of a person or thing.

Biological Female

An individual whose primary sex characteristics and chromosomes are typically associated with the female sex at birth.

Twin Studies

Research strategies that compare monozygotic (identical) and dizygotic (fraternal) twins to understand the influence of genetics versus environment on various traits and disorders.

Genetics

The study of heredity and the variation of inherited characteristics.