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Author Question: The firm's supply curve is its A) marginal cost curve, at all points above the minimum average ... (Read 65 times)

Sportsfan2111

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on: Jun 29, 2018
The firm's supply curve is its
 
  A) marginal cost curve, at all points above the minimum average variable cost curve.
  B) marginal cost curve, at all points above the minimum average fixed cost curve.
  C) marginal cost curve, at all points above the minimum average total cost curve.
  D) marginal revenue curve, at all points above the minimum average total cost curve.

Question 2

Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is 4 and the wage rate is 70 per day, how many workers should Winnie employ to maximize his profit?
 
  A) 1
  B) 2
  C) 3
  D) 4


bigsis44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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