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The Figure Given Below Shows the Revenue and Cost Curves

Question 106

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The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2
The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2    MC: Marginal cost curve MR: Marginal revenue curve ATC: Average-total-cost curve AVC: Average-variable-cost curve -In the short run, a firm continues to produce only if it can cover the: A) fixed costs. B) sunk costs. C) explicit costs. D) variable costs. E) implicit costs. MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-In the short run, a firm continues to produce only if it can cover the:


A) fixed costs.
B) sunk costs.
C) explicit costs.
D) variable costs.
E) implicit costs.

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