MC ATC C 43. Refer to the above figure. What is this firm making? a. a loss equal to the area PBCX b. a profit equal to the area BOQ C C. a profit equal to the area d. a loss equal to the area P'0Q" P BCX X (a) (b) 44. Refer to the above figure. In which panel is the firm making a profit? a. panel b. panel (b) (a) C. panel d. both panels (b) and (c) (C)(8) (bj Price Price Supply ATC Pa Po Pa Quantity ON Quantity 45. Refer to the above figure. Assume that the market starts in equilibrium at point A in panel (b). What will result from an increase in demand from Demand, to Demand,? F + a. a new market equilibrium at point D b. an eventual increase in the number of firms in the market and a new long-run equilibrium at point C C. rising prices and falling profits for existing firms in the market d. falling prices and falling profits for existing firms in the market