The firm's short-run supply curve runs up the marginal cost curve
A. to the shutdown point.
B. from the shutdown point all the way up the curve.
C. to the break-even point.
D. from the break-even point all the way up the curve.
B. from the shutdown point all the way up the curve.
You might also like to view...
Assume that two individuals, A and B, are willing to trade products X and Y. Before a possible trade, A has the following marginal rates of substitution of X for Y (or of Y for X): MRSXYA = 0.80 (or equivalently, MRSYXA = 1.25)
Also, before a possible trade, B has these marginal rates of substitution of X for Y (or of Y for X): MRSXYB = 1.50 (or equivalently, MRSYXB = 0.67). Determine if trade can take place that would benefit either or both. If trade can benefit either or both, determine who will trade for what.
"As compared to the benefits of economic and social regulation, the costs are minimal." Do you agree or disagree? Why?
What will be an ideal response?