The Figure Given Below Shows the Revenue and Cost Curves

question 65

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
-For a perfectly competitive firm, in the short run, which of the following statements is true?

• A)A price above minimum average variable cost, but below average total cost will produce an economic profit.
• B)A price below minimum average variable cost will cause the firm to shut down.
• C)Marginal cost is parallel to the axis showing quantity of output.
• D)Price is always greater than marginal revenue.
• E)Every firm contributes a significant amount to the total market output.

---

Definitions:

Postoperative Wound Care

The management and treatment of surgical incisions and wounds to promote healing and prevent infection after surgery.

Dressing

A protective or therapeutic covering applied to a wound or an area of damaged skin.

Floater

A nonsterile assistant who is free to move about the room during surgery and attend to unsterile needs.

Reaction To The Anesthetic

A patient's physical or psychological response to anesthesia, which can range from mild side effects to severe allergic reactions.