The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

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
-The minimum point of the _____ curve is called the shutdown price.

A) average-fixed-cost
B) marginal cost
C) average -total-cost
D) total fixed cost
E) average-variable-cost