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Use the following to answer questions :
Figure: The Profit Maximizing Firm in the Short Run Use the following to answer questions : Figure: The Profit Maximizing Firm in the Short Run   -(Figure: The Profit-Maximizing Firm in the Short Run) Use Figure: The Profit-Maximizing Firm in the Short Run.Which statement is TRUE? A)  AFC is represented by the vertical distance between curves M and N at any level of output. B)  AFC is represented by the vertical distance between curves N and O at any level of output. C)  This figure illustrates the long run because all costs are variable. D)  Quantity q<sub>2</sub> is to the left of the shutdown point.
-(Figure: The Profit-Maximizing Firm in the Short Run) Use Figure: The Profit-Maximizing Firm in the Short Run.Which statement is TRUE?


A) AFC is represented by the vertical distance between curves M and N at any level of output.
B) AFC is represented by the vertical distance between curves N and O at any level of output.
C) This figure illustrates the long run because all costs are variable.
D) Quantity q2 is to the left of the shutdown point.

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