Figure 74 Figure 7

question 40

Multiple Choice

Figure 7.4 Figure 7.4 shows the cost and demand curves for a profit-maximising firm in a perfectly competitive market.
-Refer to Figure 7.4.If the market price is $30,should the firm represented in the diagram continue to stay in business?

• A) No, it should shut down because it is incurring a loss.
• B) No, it should shut down because it cannot cover its variable cost.
• C) Yes, because it is covering part of its fixed cost.
• D) Yes, because it is making a profit.

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The heightened probability of contracting a specific disease due to an individual's genetic composition.