The short-run supply curve for a perfectly competitive firm is the portion of its
A) ATC curve above the MC curve.
B) MC curve above the ATC curve.
C) ATC curve below the MC curve.
D) MC curve above its AVC curve.
Answer: D
You might also like to view...
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
The questions below are based on the table below. Fill in the blank spaces first. 
The Supply of Labor is W = 10 + 3QLHow many laborers will be hired if the product and labor markets are both imperfect?
What will be an ideal response?
The Federal Reserve's policy reaction function provides information about:
A. economywide money demand and the output gap. B. economywide money demand and the long-run target for inflation. C. the short-run target for inflation and how aggressively target will be pursued. D. the long-run target for inflation and how aggressively targets will be pursued.
Joe's income is $500, the price of food (F) is $2, and the price of shelter (S) is $100. Which of the following bundles is in Joe's opportunity set?
A) 50 units of food, 5 units of shelter B) 200 units of food, 2 units of shelter C) 100 units of food, 1 unit of shelter D) 150 units of food, 3 units of shelter