Use the following graph on a competitive firm's short-run cost curves to answer this question.

The price of the product is $35.
-The firm's total revenue at a price of $20 covers all of its variable cost, and the firm has $____________ left to apply toward paying its ________________________. If the firm shuts down and produces nothing it would lose an amount equal to its _________________

Question

Use the following graph on a competitive firm's short-run cost curves to answer this question.
  
The price of the product is $35.
-The firm's total revenue at a price of $20 covers all of its variable cost, and the firm has $____________ left to apply toward paying its ________________________. If the firm shuts down and produces nothing it would lose an amount equal to its _________________

Quizplus · Accepted Answer

The Answer of Use the following graph on a competitive firm's short-run cost curves to answer this question.
  
The price of the product is $35.
-The firm's total revenue at a price of $20 covers all of its variable cost, and the firm has $____________ left to apply toward paying its ________________________. If the firm shuts down and produces nothing it would lose an amount equal to its _________________

Use the Following Graph on a Competitive Firm's Short-Run Cost