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Author Question: A perfectly competitive firm's short-run supply curve is the part of its marginal cost curve that ... (Read 127 times)

xclash

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on: Jun 30, 2018
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


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Jevvish

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


xclash

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  • Posts: 681
Reply 2 on: Jun 30, 2018
Excellent

chereeb

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  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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