The Figure Given Below Shows the Revenue and Cost Curves

question 133

Multiple Choice

The figure given below shows the revenue and cost curves of a perfectly competitive firm. Figure 9.2 MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
Refer to Figure 9.2.If the marginal-revenue curve would have intersected the average-total-cost curve at the latter's lowest point and the firm maximized profit, then total profit would have been equal to:

• A)$30.
• B)zero.
• C)-$10.
• D)$20.
• E)-$20.

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