A perfectly competitive firm's short-run supply curve is the:
a. segment of the marginal cost curve above average fixed cost.
b. segment of the marginal cost curve above the minimum level of average variable cost.
c. upward-sloping segment of the marginal cost curve.
d. both a and b.
b
Economics
You might also like to view...
Harry produces 2 balloon rides and 4 boat rides an hour. Harry could produce more balloon rides but to do so he must produce fewer boat rides. Harry is ________ his production possibilities frontier
A) producing inside B) producing on C) producing outside D) producing either inside or on
Economics
As populations age, public spending tends to increase
Indicate whether the statement is true or false
Economics