The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2
MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-According to Figure 10.2, the break-even price of the firm is:

Question

The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.2
  MC: Marginal cost curve
MR: Marginal revenue curve
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-According to Figure 10.2, the break-even price of the firm is:

Quizplus · Accepted Answer

The break-even price is the price at which the firm's total revenue equals its total cost. In Figure 10.2, the total revenue curve intersects the total cost curve at a price of $30.

The Figure Given Below Shows the Revenue and Cost Curves