The Figure Given Below Shows the Revenue and Cost Curves

question 15

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
-What causes the market supply curve to shift rightward?

• A)Increase in the aggregate demand
• B)Decrease in the number of existing firms
• C)Decrease in the price level
• D)Increase in the cost of production
• E)Entry of new firms

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Definitions:

Obsolete Desk Calculators

Outdated calculating tools that have been replaced by more modern devices but might still be found in storage or used in niche scenarios.

Financial Advantage

Refers to the benefit gained in financial terms, which could come from various sources such as lower costs, higher returns, or other financial gains.

Obsolete Desk Calculators

Refers to desk calculators that have become outdated and are no longer used due to advances in technology.

Selling Price

The cost at which a product or service is made available for purchase by a consumer.