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 andPrice 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.
![MR, AC and AVC
$6
$5.7
$4.31
MC AC
AVC
G
20 4050
-do-Mo
di-MRI
di-MR:
quantity
Figure 1: Cost and Price
AC: Average Cost, AVC: Average Variable Cost, and MC:
Marginal Cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7b3a5a8-62f8-422a-9e49-23846b36685e%2Fee958d58-baf3-44c1-bfbe-603388d497cd%2Fkfd1co2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:MR, AC and AVC
$6
$5.7
$4.31
MC AC
AVC
G
20 4050
-do-Mo
di-MRI
di-MR:
quantity
Figure 1: Cost and Price
AC: Average Cost, AVC: Average Variable Cost, and MC:
Marginal Cost
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