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Below,the Graph on the Left Shows Long-Run Average and Marginal

Question 62

Multiple Choice

Below,the graph on the left shows long-run average and marginal cost for a typical firm in a perfectly competitive industry.The graph on the right shows demand and long-run supply for an increasing-cost industry. Below,the graph on the left shows long-run average and marginal cost for a typical firm in a perfectly competitive industry.The graph on the right shows demand and long-run supply for an increasing-cost industry. How much profit will the firm earn? A) zero B) $2,600 C) $3,100 D) $3,750 E) $6,000 How much profit will the firm earn?


A) zero
B) $2,600
C) $3,100
D) $3,750
E) $6,000

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