The section of the marginal cost curve that lies above the average variable cost curve is
A) a perfectly competitive firm's supply curve.
B) a perfectly competitive firm's average total cost curve.
C) a perfectly competitive firm's total fixed costs curve.
D) irrelevant to the firm because it never produces at any point along this curve.
A
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Which of the following will NOT shift the Keynesian short-run aggregate supply curve?
A) a change in input prices B) a change in technology C) a change in the price level D) a change in profit expectations
When there's asymmetric information, who tends to have the better information?
A) lender B) borrower C) intermediary D) equally likely to be the borrower or the lender
Which of the following labor markets is more likely to be competitive?
A) Receptionists B) Singers C) Soccer players D) Sculptors
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to remain the same. b. Demand for real goods and services to remain the same and M2 money supply to fall. c. Demand for real goods and services to rise and M2 money multiplier to remain the same. d. Demand for real goods and services to rise and M2 money supply to rise.