The Figure Given Below Shows the Revenue and Cost Curves

question 125

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
-A perfectly competitive firm's supply curve is the portion of the:

• A)TC curve that lies above the TR curve.
• B)MR curve that lies above the MC curve.
• C)AFC curve that lies above the AR curve.
• D)AVC curve that lies above the ATC curve.
• E)MC curve that lies above the AVC curve.

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