Solved

Use the Following Scenario to Answer the Following Questions

Question 165

Multiple Choice

Use the following scenario to answer the following questions:
Chuck Diesel Burger is a food truck in Houston,Texas.Imagine that Chuck Diesel Burger's minimum average total cost (ATC) is $3.75 and that its minimum average variable cost (AVC) is $2.50.Assume there are no barriers to entrer into or exit from the food-truck market.
-Chuck Diesel Burger will make a positive economic profit if the price is equal to


A) $4.00.
B) $3.75.
C) $3.00.
D) $2.50.
E) $2.00.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions