A perfectly competitive firm's short-run supply curve is the same ...

[123654777]

A perfectly competitive firm's short-run supply curve is the same as its
 
  A) ATC curve.
  B) MR curve.
  C) AVC curve.
  D) MC curve above the minimum of the AVC curve.

Question 2

The table above gives the utility from pens and pencils. If pens and pencils both cost .25 each and the consumer has an income of 2.25, which of the following combinations maximizes the consumer's utility?
 
  A) 3 pens and 6 pencils
  B) 4 pens and 5 pencils
  C) 5 pens and 4 pencils
  D) 6 pens and 3 pencils

[gabrielle_lawrence]

Answer to Question 1

D

Answer to Question 2

C

[123654777]

Thanks for the timely response, appreciate it

[zacnyjessica]

YES! Correct, THANKS for helping me on my review