Author Question: The firm's supply curve is its A) marginal cost curve, at all points above the minimum average ... (Read 104 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
The firm's supply curve is its
 
  A) marginal cost curve, at all points above the minimum average variable cost curve.
  B) marginal cost curve, at all points above the minimum average fixed cost curve.
  C) marginal cost curve, at all points above the minimum average total cost curve.
  D) marginal revenue curve, at all points above the minimum average total cost curve.

Question 2

Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is 4 and the wage rate is 70 per day, how many workers should Winnie employ to maximize his profit?
 
  A) 1
  B) 2
  C) 3
  D) 4



bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

For a complete list of videos, visit our video library