The supply curve for a perfectly competitive firm is its marginal ...

[moongchi]

The supply curve for a perfectly competitive firm is its marginal cost curve for all levels of output.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

At the point where total utility is at its peak, marginal utility is:
 a. zero.
  b. positive.
  c. negative.
  d. positive, but declining.
  e. positive, but increasing.

[upturnedfurball]

Answer to Question 1

False

Answer to Question 2

a

[moongchi]

Thanks for the timely response, appreciate it

[smrtceo]

Excellent