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The Figure Given Below Shows the Revenue and Cost Curves

Question 124

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The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.5
The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.5    MC: Marginal cost curve MR: Marginal revenue curve.ATC: Average-total-cost curve AVC: Average-variable-cost curve -In the short run, the firm's break-even point is: A) the minimum point of the firm's demand curve. B) the minimum point of the firm's average-total-cost curve. C) the minimum point of the firm's average-variable-cost curve. D) the minimum point of the firm's marginal-cost curve. E) the minimum point on the average-fixed-cost curve. MC: Marginal cost curve
MR: Marginal revenue curve.ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-In the short run, the firm's break-even point is:


A) the minimum point of the firm's demand curve.
B) the minimum point of the firm's average-total-cost curve.
C) the minimum point of the firm's average-variable-cost curve.
D) the minimum point of the firm's marginal-cost curve.
E) the minimum point on the average-fixed-cost curve.

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