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The Figure Given Below Shows the Revenue and Cost Curves

Question 5

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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 -An individual perfectly competitive firm's supply curve is its: A) average-fixed-cost curve. B) marginal revenue curve. C) average-variable-cost curve. D) marginal cost curve. E) total cost curve. MC: Marginal cost curve
MR: Marginal revenue curve.ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-An individual perfectly competitive firm's supply curve is its:


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

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