Please solve Fast i give 2 like Which of the following is not true according to Figure 1? Hide Transcribed Text Figure 1: Cost and Price AC : Average Cost, AVC: Average Variable Cost, and MC: Marginal Cost A) The firm earn a zero economic profit when it produces 40 unit at the price of $5.7 per unit. B) The minimum acceptable price (the shut-down point) is $4.3 per unit. C) The firm's supply curve is its MC curve above minimum of AVC. D) The firm earns an economic profit when the price exceeds $4.3 per unit.
Please solve Fast i give 2 like Which of the following is not true according to Figure 1? Hide Transcribed Text Figure 1: Cost and Price AC : Average Cost, AVC: Average Variable Cost, and MC: Marginal Cost A) The firm earn a zero economic profit when it produces 40 unit at the price of $5.7 per unit. B) The minimum acceptable price (the shut-down point) is $4.3 per unit. C) The firm's supply curve is its MC curve above minimum of AVC. D) The firm earns an economic profit when the price exceeds $4.3 per unit.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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Which of the following is not true according to Figure 1?
Hide Transcribed Text
Figure 1: Cost and Price AC : Average Cost, AVC:Average Variable Cost , and MC: Marginal CostA) The firm earn a zero economic profit when it produces 40 unit at the price of $5.7 per unit.
B) The minimum acceptable price (the shut-down point) is $4.3 per unit.
C) The firm's supply curve is its MC curve above minimum of AVC.
D) The firm earns an economic profit when the price exceeds $4.3 per unit.
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