The Figure Given Below Shows the Demand and Cost Curves

question 90

Multiple Choice

The figure given below shows the demand and cost curves of a perfectly competitive firm.Figure: 10.4
D: Demand curve
MC: Marginal cost curve
ATC: Average-total cost curve
AVC: Average-variable-cost curve
-In the short run, certain costs, such as rent on land and equipment, must be paid whether or not any output is produced. These are:

• A)the firm's variable costs.
• B)the firm's break-even costs.
• C)the firm's sunk costs.
• D)the firm's marginal costs.
• E)the firm's fixed costs.

---

Definitions:

Dramatics

The art of producing and performing dramatic works; also refers to actions or behaviors that are exaggerated or emotional.

Powerful Proof Technique

A persuasive approach or method that strongly validates a claim or argument, enhancing its credibility.

Two-Way Communications

Interactive form of communication where information flows in both directions between parties, facilitating feedback and engagement.

Visual Aid

Any visual material used to facilitate communication or understanding, often used in presentations or teaching.