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-Figure 9-1 Shows the Marginal Cost and Average Total Cost

Question 196

Multiple Choice

-Figure 9-1 shows the marginal cost and average total cost curves for a perfectly competitive firm.If the market price is $10,then A) the firm earns $10 profit on each unit sold B) the firm earns $8 profit on each unit sold C) marginal revenue equals $10 D) the firm is losing money in the short run E) marginal cost always equals marginal revenue
-Figure 9-1 shows the marginal cost and average total cost curves for a perfectly competitive firm.If the market price is $10,then


A) the firm earns $10 profit on each unit sold
B) the firm earns $8 profit on each unit sold
C) marginal revenue equals $10
D) the firm is losing money in the short run
E) marginal cost always equals marginal revenue

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