The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1

-Refer to Figure 8-1.Under average-cost pricing,the equilibrium price and output in the market are _____,respectively.
A)0B and 0R
B)0A and 0T
C)0C and 0Q
D)0D and 0P
E)0A and 0Q

Question

The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1
 
-Refer to Figure 8-1.Under average-cost pricing,the equilibrium price and output in the market are _____,respectively.
A)0B and 0R 
B)0A and 0T 
C)0C and 0Q 
D)0D and 0P 
E)0A and 0Q

Quizplus · Accepted Answer

The Answer of The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1
 
-Refer to Figure 8-1.Under average-cost pricing,the equilibrium price and output in the market are _____,respectively.
A)0B and 0R 
B)0A and 0T 
C)0C and 0Q 
D)0D and 0P 
E)0A and 0Q

The Following Figure Shows the Demand Curve [ES],the Average Cost