The supply curve of a price-taker firm in the short run is the: ...

[soccerdreamer_17]

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

[vickyvicksss]

Answer to Question 1

c

Answer to Question 2

True

[soccerdreamer_17]

TYSM

[Missbam101]

Excellent