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The Following Figure Shows the Cost Curves of a Firm

Question 8

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The following figure shows the cost curves of a firm producing good X.
The following figure shows the cost curves of a firm producing good X. -Refer to Figure .What does the area ABCD signify? A) The total revenue earned when the market price is $8 per unit of X. B) The total profit earned when the market price is $8 per unit of X. C) The total revenue earned when the market price is $5 per unit of X. D) The total profit earned when the market price is $5 per unit of X.
-Refer to Figure .What does the area ABCD signify?


A) The total revenue earned when the market price is $8 per unit of X.
B) The total profit earned when the market price is $8 per unit of X.
C) The total revenue earned when the market price is $5 per unit of X.
D) The total profit earned when the market price is $5 per unit of X.

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