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Exhibit 12-3 Refer to Exhibit 12-3

Question 67

Multiple Choice

Exhibit 12-3 Exhibit 12-3 Refer to Exhibit 12-3.If the market price decreased to $4.70 in Graph B,this firm should: A) immediately shut down if price is greater than average variable cost. B) increase output. C) decrease output. D) continue producing the same level of output. Refer to Exhibit 12-3.If the market price decreased to $4.70 in Graph B,this firm should:


A) immediately shut down if price is greater than average variable cost.
B) increase output.
C) decrease output.
D) continue producing the same level of output.

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