The short-run supply curve for the perfectly competitive firm is the portion of its
A. MC curve above the AVC curve.
B. MC curve above the ATC curve.
C. MC curve above the MR curve.
D. MC curve above the AFC curve.
Answer: A
Economics
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Which of the following was NOT an issue that the United States. had with the Kyoto Protocol?
a. Major U.S. trading partners (such as China and India) are exempt from the provisions—not fair! b. Europe's targets were set ridiculously low. c. We don't really know if pollution causes global warming. d. There are less costly ways to deal with environmental problems.
Economics
The difference between the nominal interest rate and the real interest rate is:
A. the inflation rate. B. taxes. C. seigniorage. D. hyperinflation.
Economics