Refer to the above gure. The average variable cost is minimized at the output level Select one: Q A. where curves N and K intersect O B. where curves N and R intersect O C. between the intersections of curves N and F! and curves N and K O D. indeterminate with the given information Question 21 Not yet answered Marked our of 1.00 17 Flag question Cost per unit wm 0 Movement from point i) to point c in the above gure indicates that the firm is experiencing Select one: Q A. a decrease in average plant size 0 B. constant economies of scale 0 C. diseconomies ofscale O D. economies of scale m TEST2 Bb Perfect Competition PP.pdf * + X O A https://assess.uum.edu.my/mod/quiz/attempt.php?attempt=8016&cmid=954&page=6 Firm A Firm B Price and Price and Cost Cost (dollars) MC (dollars) 11 10 4 2 70 90 100 150 100 150 200 Quantity Quantity Refer to the above figure. What is the profit (loss) of Firm B at the profit-maximizing (or loss-minimizing) level of production for a firm in a perfectly competitive market? Select one: A. $600 B. $1050 C. $1650 O D. -$600 W 4:16 PM 18/12/2020