The supply curve for a competitive firm is A) its entire MC ...

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The supply curve for a competitive firm is
 
  A) its entire MC curve.
  B) the upward-sloping portion of its MC curve.
  C) its MC curve above the minimum point of the AVC curve.
  D) its MC curve above the minimum point of the ATC curve.
  E) its MR curve.

Question 2

Refer to Scenario 17.3. If there is no insurance and a fire protection program in place, the expected loss from fire for this company is
 
  A) 0.
  B) 300.
  C) 3,000.
  D) 6,000.
  E) 300,000.

[hramirez205]

Answer to Question 1

C

Answer to Question 2

B

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Thank you

[hramirez205]

Happy to help you