This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A perfectly competitive firm's short-run supply curve is the part of its marginal cost curve that ... (Read 56 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 30, 2018
A perfectly competitive firm's short-run supply curve is the part of its marginal cost curve that is:
 a. upward sloping.
  b. above the minimum level of average variable cost.
  c. above average fixed cost.
  d. both a and b.

Question 2

Price elasticity remains constant along a straight-line demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
Part B - Chromosomal inheritance during meiosis Part B - Chromosomal inheritance during meiosis
How to write a composite function f(g(x)) and g(f(x)) (Part 2) How to write a composite function f(g(x)) and g(f(x)) (Part 2)
How to expand a polynomial (Part 2) How to expand a polynomial (Part 2)
Steps in the process of translation (Part 2) Steps in the process of translation (Part 2)
Part 2 Part 2
Video: How Hemoglobin Picks Up and Delivers Oxygen

For a complete list of videos, visit our video library