Exhibit 12-5 
Refer to Exhibit 12-5.At a market price of $30,total revenue is sufficient to pay:
A) all variable costs.
B) all variable costs and a portion of fixed costs.
C) all costs, fixed and variable.
D) only a portion of the variable costs.
Correct Answer:
Verified
Q89: Darlene runs a fruit and vegetable stand
Q90: Exhibit 12-5 Q91: A firm receives $10 per unit at Q92: Assume that the equilibrium price in a Q93: If input costs remain the same as Q95: In long-run equilibrium under perfect competition: Q96: Exhibit 12-6 Q97: Firms will continue to enter a competitive Q98: Exhibit 12-6 Q99: Darlene runs a fruit and vegetable stand Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) price
