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Author Question: The supply curve of a price-taker firm in the short run is the: a. firm's average variable cost ... (Read 108 times)

soccerdreamer_17

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on: Jun 30, 2018
The supply curve of a price-taker firm in the short run is the:
 a. firm's average variable cost curve.
  b. portion of the firm's average total cost curve that lies above average variable cost curve.
  c. portion of the firm's marginal cost curve that lies above average variable cost curve.
  d. firm's marginal revenue curve.

Question 2

The price elasticity of demand measures consumer responsiveness to a price change.
 a. True
  b. False
  Indicate whether the statement is true or false


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vickyvicksss

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

c

Answer to Question 2

True


soccerdreamer_17

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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