The following figure shows demand, marginal revenue, and short-run cost for a firm with market power.

-At this output and price the firm's revenue of $________ covers all $________ of its variable cost and the firm has $________ left over to apply to its fixed cost.

Question

The following figure shows demand, marginal revenue, and short-run cost for a firm with market power.
 
-At this output and price the firm's revenue of $________ covers all $________ of its variable cost and the firm has $________ left over to apply to its fixed cost.

Quizplus · Accepted Answer

The Answer of The following figure shows demand, marginal revenue, and short-run cost for a firm with market power.
 
-At this output and price the firm's revenue of $________ covers all $________ of its variable cost and the firm has $________ left over to apply to its fixed cost.

The Following Figure Shows Demand, Marginal Revenue, and Short-Run Cost