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

[xclash]

A perfectly competitive firm's short-run supply curve is the part of its marginal cost curve that is:
 a. upward sloping.
  b. above the minimum level of average variable cost.
  c. above average fixed cost.
  d. both a and b.

Question 2

Price elasticity remains constant along a straight-line demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false

[Jevvish]

Answer to Question 1

b

Answer to Question 2

False

[xclash]

YES! Correct, THANKS for helping me on my review

[31809pancho]

Thanks for the timely response, appreciate it