The Figure Given Below Shows the Revenue and Cost Curves

question 13

Multiple Choice

The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.5
MC: Marginal cost curve
MR: Marginal revenue curve.ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-The permanent shut down point of a perfectly competitive firm, in the long run, is:

• A)the minimum point of the AVC curve.
• B)the minimum point of the MC curve.
• C)the minimum point of the AR curve.
• D)the minimum point of the ATC curve.
• E)the minimum point of the AFC curve.

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Definitions:

Supergroup

In phylogenetics, a high-level taxonomic rank above the rank of kingdom, used to organize the diversity of eukaryotes especially.

Alveolates

A group of protists, including dinoflagellates, apicomplexans, and ciliates, characterized by the presence of alveoli (small sac-like structures) beneath their cell membranes.

Representative Clade

A group of organisms that includes an ancestor and all of its descendants, representing a single branch on the tree of life.

Supergroup

In biology, a high-level classification rank above kingdom, used in some recent taxonomic systems to organize the diversity of life.