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Price and cost (dollars per unit] 20 MC AIC AVC 16 12 8 5 10 15 20 25 30 35 40 45 50 Quantity [units

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Price and cost (dollars per unit] 20 MC AIC AVC 16 12 8 5 10 15 20 25 30 35 40 45 50 Quantity [units per day) 94)In the above figure, the perfectly competitive firm's shutdown point is at a price of 94) A) $16 per unit. B) $12 per unit. C) $4 per unit. D) $8 per unit. AnswerD

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