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Refer to the Following Graph to Answer the Following Questions

Question 15

Multiple Choice

Refer to the following graph to answer the following questions:
Refer to the following graph to answer the following questions: -In the long run,which of the following is true for the profit-maximizing firm? A) The firm's demand curve shifts leftward. B) The firm's average total cost curve shifts upward. C) Profit is $1,200 per day. D) Profit is $1,500 per day. E) The firm's average total cost curve shifts downward,while the marginal cost curve shifts upward.
-In the long run,which of the following is true for the profit-maximizing firm?


A) The firm's demand curve shifts leftward.
B) The firm's average total cost curve shifts upward.
C) Profit is $1,200 per day.
D) Profit is $1,500 per day.
E) The firm's average total cost curve shifts downward,while the marginal cost curve shifts upward.

Correct Answer:

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