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The Figure Given Below Shows the Revenue and Cost Curves

Question 39

Multiple Choice

The figure given below shows the revenue and cost curves of a monopolistically competitive firm.Figure: 12.3
The figure given below shows the revenue and cost curves of a monopolistically competitive firm.Figure: 12.3 In the figure, D: Demand curve MR: Marginal revenue curve MC: Marginal cost curve ATC: Average total cost curve -The profit per unit of output for the firm in the Figure 12.3 is: A) P<sub>5</sub> - P<sub>3.</sub> B) P<sub>6</sub> - P<sub>3.</sub> C) P<sub>3</sub> - P<sub>2.</sub> D) P<sub>6</sub> - P<sub>2.</sub> E) P<sub>4</sub> - P<sub>2.</sub> In the figure,
D: Demand curve
MR: Marginal revenue curve
MC: Marginal cost curve
ATC: Average total cost curve
-The profit per unit of output for the firm in the Figure 12.3 is:


A) P5 - P3.
B) P6 - P3.
C) P3 - P2.
D) P6 - P2.
E) P4 - P2.

Correct Answer:

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