The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 8.4 Refer to Figure 8.3.The firm suffers a negative profit of:
A)100 units.
B)50 units.
C)80 units.
D)150 units.
E)250 units.

Question

The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 8.4  Refer to Figure 8.3.The firm suffers a negative profit of:
A)100 units. 
B)50 units. 
C)80 units. 
D)150 units. 
E)250 units.

Quizplus · Accepted Answer

The Answer of The figure given below shows the revenue and cost curves of a firm.MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve. Figure 8.4  Refer to Figure 8.3.The firm suffers a negative profit of:
A)100 units. 
B)50 units. 
C)80 units. 
D)150 units. 
E)250 units.

The Figure Given Below Shows the Revenue and Cost Curves