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Author Question: What is a firm's short run supply curve?[br][br][b][color=gray]Question 2[/color][/b][br][br]The ... (Read 27 times)

BrownTown3

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on: Jun 30, 2018
What is a firm's short run supply curve?

Question 2

The change in total utility due to a 1-unit change in the quantity consumed is:
 a. marginal utility.
  b. average utility.
  c. per capita utility.
  d. total utility.
  e. the principle of diminishing marginal utility.


duy1981999

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A firm's short run supply curve is that portion of its marginal cost curve above minimum average variable cost.

Answer to Question 2

a


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