The Figure Given Below Shows the Revenue and Cost Curves

question 47

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. The firm will suspend production if the price falls below:

• A)$30.
• B)$50.
• C)$10.
• D)$20.
• E)$35.

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