【单选题】Refer to Exhibit 12-9. Using Graph C, which of the following statements is not true?
A.
There has been an increase in demand in the market.
B.
There has been an increase in supply in the market.
C.
The equilibrium price in the market has increased from P0 to P1.
D.
There has been a change in quantity supplied from Q0 to Q1.
【单选题】Refer to Exhibit 12-5. At a market price of $30, total revenue is sufficient to pay:
B.
all variable costs and a portion of fixed costs.
C.
all costs, fixed and variable.
D.
only a portion of the variable costs.
【单选题】Refer to Exhibit 12-3. Graph C exhibits a price-taking firm:
A.
experiencing an economic loss of $120.
B.
making an economic profit of $120.
C.
making an economic profit of $720.
D.
experiencing an economic loss of $600.
【单选题】Refer to Exhibit 12-3. Total revenue for the firm in Graph C equals:
【单选题】Refer to Exhibit 12-2. When the market price equals $54, the firm:
A.
ould continue operating temporarily despite an economic loss because the firm is able to cover a portion of its fixed costs.
C.
should continue operating temporarily despite an economic loss because the firm is able to cover all of its variable costs.
D.
should continue operating temporarily despite an economic loss because the firm is able to cover a portion of its fixed costs.
E.
should continue operating because the firm is making a profit.