Question 1
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.


Refer to Figure 9.3. This firm's short-run supply curve is the firmʹs
◦
AVC curve to the right of Point
B.
◦ marginal cost curve above Point
A.
◦ marginal cost curve above Point
B.
◦ marginal cost curve above Point
D.
Question 2
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.


Refer to Figure 9.3. This firm will continue to operate in the short run, but incur an economic loss if price is
◦ between $0 and $4.
◦ between $4 and $7.
◦ between $7 and $13.
◦ above $13.