Examlex

Solved

The Figure Given Below Shows the Revenue and Cost Curves

question 93

Multiple Choice

The figure given below shows the revenue and cost curves of a monopolistically competitive firm. Figure 25.3 The figure given below shows the revenue and cost curves of a monopolistically competitive firm. Figure 25.3   In the figure, D: Demand curve MR: Marginal revenue curve MC: Marginal cost curve ATC: Average total cost curve The profit per unit of output for the firm in the Figure 25.3 is: A) P<sub>5</sub> - P<sub>3.</sub> B) P<sub>6</sub> - P<sub>3.</sub> C) P<sub>3</sub> - P<sub>2.</sub> D) P<sub>6</sub> - P<sub>2.</sub> E) P<sub>4</sub> - P<sub>2.</sub> In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
The profit per unit of output for the firm in the Figure 25.3 is:


Definitions:

Superman

A fictional superhero appearing in American comic books published by DC Comics, known for his superhuman abilities.

Superhero

A superhero is a character, often in comics or movies, with extraordinary powers or abilities, dedicated to protecting the public and combating evil.

Pollination

The process by which pollen is transferred from the male parts of a plant to the female parts of a plant, enabling fertilization and the production of seeds.

Bees

Flying insects known for their role in pollination and for producing honey and beeswax.

Related Questions