Assuming no fixed costs are avoidable in the short run, a perfectly competitive firm's short-run supply curve is A. the portion of its average variable cost curve that lies below its average total cost curve. B. the portion of its average variable cost curve that lies above its average total cost curve. C. the portion of its marginal cost curve that lies above its average variable cost curve. D. the portion of its marginal cost curve that lies above its average total cost curve.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assuming no fixed costs are avoidable in the short run, a perfectly competitive firm's short-run supply curve is A. the portion of its ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Select the correct answer. What represents the value of the second-best alternative that a person gives up when making a choice? A. marginal spending B. marginal benefit C. opportunity cost D. marginal cost
Answers (1)
Waldo is buying Marianne's house. The closing date (day belongs to seller) of the sale transaction is September 1 (day 244 of the year). Current Year real estate taxes are $1,100 (will be billed to buyer next year).
Answers (1)
So what it the answer to this question?
Answers (1)
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, and one magazine. In year one, the basket costs $9.00. In year two, the price of the same basket is $8.00.
Answers (1)
The following data are given for Harry Company: Budgeted production 1,001 units Actual production 920 units Materials: Standard price per ounce $1.
Answers (1)
New Questions in Business
Stress Free Realty Co. pays weekly salaries of $12,625 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.
Answers (1)
Quiz 1. If you maintain a good driving record, your car insurance company may reward you with
Answers (1)
The income statement for the Skysong, Inc. for the month ended July 31 shows Service Revenue $16,010, Salaries and Wages Expense $8,410, Maintenance and Repairs Expense $2,510, and Income Tax Expense $1,010.
Answers (1)
A leftward shift in the long-run aggregate supply curve is most likely going to cause which of the following? A) decrease in the average price level B) increase in the average price level C) increase in real output
Answers (1)
Free market economy how are prices set?
Answers (1)