Question: MULTIPLE CHOICE Consider the figure below MC ATC Cost (cents per page) NO & 8 80 100 Quantity (pages per hour) If the price is

MULTIPLE CHOICE Consider the figure below MC ATC Cost (cents per

MULTIPLE CHOICE Consider the figure below MC ATC Cost (cents per page) NO & 8 80 100 Quantity (pages per hour) If the price is $7, this company will Make positive profits shutdown O Make negative profits

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.