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

Author Question: What is the relationship between a perfectly competitive firm's marginal cost curve and its ... (Read 39 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
What is the relationship between a perfectly competitive firm's marginal cost curve and its short-run supply curve?
 
  What will be an ideal response?

Question 2

If inflation is positive and is perfectly anticipated,
 
  A) those that lend money lose. B) those that hold paper money lose.
  C) those that borrow money lose. D) no one in the economy loses.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

The marginal cost curve of a perfectly competitive firm is the firm's short-run supply curve at the point where price is equal to or greater than average variable cost. To determine its quantity supplied, the firm equates the price of its product with its marginal cost.

Answer to Question 2

B


tingc95

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Relationship of the conduction system to an ECG strip. Relationship of the conduction system to an ECG strip.
Relationship of Victims and Rapists Relationship of Victims and Rapists
Graph showing the relationship between the freezing point of the coolant and the percentage of ... Graph showing the relationship between the freezing point of the coolant and the percentage of ...
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
The Radioactive Decay Curve The Radioactive Decay Curve
Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library