Refer to the diagram. The firm's supply curve is the segment of the:
A. MC curve above its intersection with the AVC curve.
B. MC curve above its intersection with the ATC curve.
C. AVC curve above its intersection with the MC curve.
D. ATC curve above its intersection with the MC curve.
A. MC curve above its intersection with the AVC curve.
You might also like to view...
How does a fall in the money wage rate affect the aggregate supply curve?
What will be an ideal response?
The percentage change in quantity demanded divided by the percentage change in income is the formula for:
a. cross-price elasticity of demand. b. income elasticity of demand. c. elasticity of savings. d. wage elasticity of labor supply.
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Oil prices b. GDP price index c. Real risk-free interest rate d. Quantity of currency per time period e. Real GDP
A fiscal policy action to close an expansionary gap is to:
A. increase the marginal propensity to consume. B. increase transfer payments. C. increase government purchases. D. increase taxes.