Refer to the graph shown. If this perfectly competitive firm is producing 120 units of output, the market price is equal to:

The distinction between physical and financial capital is that

A) physical capital is equal to financial capital minus depreciation. B) financial capital depreciates and physical capital does not. C) the value of financial capital depends on the amount of available physical capital. D) physical capital is equal to financial capital plus depreciation. E) financial capital is used to purchase and operate physical capital.

Refer to Figure 12-9. At price P4, the firm would produce

A) Q3 units. B) Q4 units. C) Q5 units. D) Q6 units.