The Figure Given Below Shows the Revenue and Cost Curves

question 62

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 market price falls to $10, the firm would produce:

• A)nothing.
• B)15 units.
• C)5 units.
• D)10 units.
• E)20 units.

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Definitions:

Productivity Goal

An objective set to achieve a specific level of output or efficiency in work or other activities, aiming to optimize performance.

Negative Reinforcers

Stimuli that, when removed after a behavior, increase the likelihood that the behavior will occur again in the future.

Aversive Stimulus

An unpleasant or noxious stimulus used to influence behavior through avoidance learning or negative reinforcement.

Negative Punishment

Negative punishment involves the removal of a favorable stimulus following an undesired behavior, with the intention of decreasing the likelihood that the behavior will occur again.