Figure 9-13 -Refer to Figure 9-13.When Price Rises from P₃ to P₄,the

Multiple Choice

Figure 9-13

-Refer to Figure 9-13.When price rises from P₃ to P₄,the firm finds that

A) fixed costs are lower at a production level of Q₄.
B) it can earn a positive profit by increasing production to Q₄.
C) profit is still maximized at a production level of Q₃.
D) average revenue exceeds marginal revenue at a production level of Q₄.