Above the shutdown point, a competitive firm's supply curve coincides with its: a. marginal revenue ...

Author Question: Above the shutdown point, a competitive firm's supply curve coincides with its: a. marginal revenue ... (Read 24 times)

ghost!

Hero Member
Posts: 560

on: Jun 30, 2018

Above the shutdown point, a competitive firm's supply curve coincides with its:
a. marginal revenue curve.
b. marginal cost curve.
c. average variable cost curve.
d. average total cost curve.

Question 2

A horizontal demand curve indicates perfectly elastic demand.
a. True
b. False
Indicate whether the statement is true or false

Pamela.irrgang@yahoo.com

Sr. Member
Posts: 323

Reply #1 on: Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

True

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ghost!

Hero Member
Posts: 560

Reply #2 on: Jun 30, 2018

Thank you

Pamela.irrgang@yahoo.com

Sr. Member
Posts: 323

Reply #3 on: Jun 30, 2018

No problemo

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