Examlex

Solved

The Figure Given Below Shows the Revenue and Cost Curves

question 124

Multiple Choice

The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.5
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 -In the short run, the firm's break-even point is: A) the minimum point of the firm's demand curve. B) the minimum point of the firm's average-total-cost curve. C) the minimum point of the firm's average-variable-cost curve. D) the minimum point of the firm's marginal-cost curve. E) the minimum point on the average-fixed-cost curve. MC: Marginal cost curve
MR: Marginal revenue curve.ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-In the short run, the firm's break-even point is:

Evaluate information quality and accuracy for business messages.
Understand and apply the journalistic approach to include all required information.
Recognize the benefits of free writing in the message development process.
Determine precise audience information needs at different planning stages.

Definitions:

Cellular Respiration

A metabolic process that converts nutrients into energy (ATP) and waste products in the presence of oxygen, within the cells.

Phloem Transport

The movement of nutrients, particularly sugar (sucrose), and other solutes throughout a plant via the phloem tissue.

Parenchyma Cells

Fundamental plant cells that are alive at maturity, usually found in leaves' mesophyll and involved in functions like photosynthesis, storage, and tissue repair.

Slimy Sheath

A slimy sheath refers to the mucilaginous covering found around certain bacteria, algae, and plants, offering protection and aiding in surface attachment.

Related Questions