Refer to Figure 12-10. The firm's short-run supply curve is its
A) marginal cost curve. B) marginal cost curve from d and above.
C) marginal cost curve from b and above. D) marginal cost curve from c and above.
C
Economics
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When the government uses taxes and spending to affect national economy, it is engaging in:
a. fiscal policy. b. monetary policy. c. interest rate policy. d. trade policy. e. exchange rate policy.
Economics
In the long run, large and continuing budget surpluses
a. mean higher taxes and a lower standard of living b. mean a larger money supply and higher interest rates c. are a problem because they crowd out private spending d. permit the government to lower taxes, thereby encouraging work, investment, and saving e. mean a larger money supply and lower interest rates
Economics