True or False question (Please help me w/this question ASAP)?

Firm's supply curve is part of MC curve above the minimum of average total cost: it does not make sense to produce if total revenue is less than total cost and firm will make a loss. Is this statement true or false? Provide full explanation and use a diagram to support your answer.





Note: if not able to provide diagram then its ok (if able to that would be great) but full explanation would help a lot!!True or False question (Please help me w/this question ASAP)?
False. The firm will begin production when MC=AVC, or average variable cost, not average total cost. It's called a shut down point if the price goes down further. The firm is in loss, but its revenue can still cover the fixed cost. It's better to produce goods than giving it up. From this point on, when price goes up until the minimum point of average total cost, it will reach a breakeven point. The firm will earn profit more and more if price goes up from that point. So the supply cuve is the MC curve from the minimum point of average variable cost curve.