The above figure shows a perfectly competitive firm. If the market price is $5, the firm
A) is making an economic profit.
B) is making zero economic profit.
C) will immediately shut down.
D) will not shut down.
E) might shut down but more information is needed about the AVC.
E
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Which of the following could explain a decrease in the interest rate and an increase in the equilibrium quantity of investment?
a. the supply of loanable funds shifted right. b. the supply of loanable funds shifted left. c. the demand for loanable funds shifted right. d. the demand for loanable funds shifted left.
An automatic increase in a wage rate found in some contracts is known as a
A. charge for living amendment. B. cost of labor arrangement. C. change of labor agreement. D. cost of living adjustment.
Refer to the table below. The consumption of which bar yields the greatest marginal utility?
The table below shows the utility schedule for a consumer of candy bars.
A. Third
B. Fourth
C. Sixth
D. Second
tax revenues vary:
In the graph above
A. Directly with the level of GDP
B. Inversely with the level of GDP
C. Directly with the level of government spending
D. Inversely with the level of government spending