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 shut down if the price is equal to
A) $4.00.
B) $3.75.
C) $3.00.
D) $2.50.
E) $2.00.
Correct Answer:
Verified
Correct Answer:
Verified
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