Exhibit 24-6 -Refer to Exhibit 24-6. in the Exhibit

Multiple Choice

Exhibit 24-6

-Refer to Exhibit 24-6. In the exhibit,

A) the demand curve and the marginal revenue curve are the same.
B) the MC curve must have a downward-sloping portion and an upward-sloping portion.
C) the MC curve cuts the ATC curve at point B.
D) if the firm produced Q₂, it would be taking a loss.
E) c and d