The Figure Given Below Shows the Revenue and Cost Curves

question 63

Multiple Choice

The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2
MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-Refer to Figure 10.2. If the market price falls to $10, the firm would produce:

• A)nothing.
• B)15 units.
• C)5 units.
• D)10 units.
• E)20 units.

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