« previous next »

Author Question: What is a firm's short run supply curve?[br][br][b][color=gray]Question 2[/color][/b][br][br]The ... (Read 51 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
What is a firm's short run supply curve?

Question 2

The change in total utility due to a 1-unit change in the quantity consumed is:
 a. marginal utility.
  b. average utility.
  c. per capita utility.
  d. total utility.
  e. the principle of diminishing marginal utility.


duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

A firm's short run supply curve is that portion of its marginal cost curve above minimum average variable cost.

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Firm handshake Firm handshake
Fun question Fun question
Economics question Economics question
economic question economic question
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library