« previous next »

Author Question: A perfectly competitive firm's supply curve follows the upward-sloping segment of its marginal cost ... (Read 74 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
A perfectly competitive firm's supply curve follows the upward-sloping segment of its marginal cost curve above the:
 a. average total cost curve.
  b. average variable cost curve.
  c. average fixed curve.
  d. average price curve.

Question 2

If demand is perfectly inelastic, then the demand curve will be vertical.
 a. True
  b. False
  Indicate whether the statement is true or false


wtf444

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Competitive inhibition Competitive inhibition
Non-competitive inhibition Non-competitive inhibition
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
How to find the distance of any line segment How to find the distance of any line segment
Firm handshake Firm handshake
Opener Electron micrograph of a segment of DNA undergoing transcription Opener Electron micrograph of a segment of DNA undergoing transcription
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library