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 42 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
Wow, this really help

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Schematic relationship between a phylogenetic tree and taxonomy. Schematic relationship between a phylogenetic tree and taxonomy.
Relationship between the number of CAG repeats in a gene and the age of onset of Huntington disease. Relationship between the number of CAG repeats in a gene and the age of onset of Huntington disease.
Relationship between the pancreas and the digestive system. Relationship between the pancreas and the digestive system.
5-4 The relationship between vapor pressure and temperature—in this case for water. As the ... 5-4 The relationship between vapor pressure and temperature—in this case for water. As the ...
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library