The quantity which a firm will supply in the short run
a. can be read from its average cost curve.
b. can be read from its average variable cost curve.
c. can be read from the firm's marginal cost curve above average variable cost.
d. is always zero above minimum average variable cost.
c
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The stock of labor talents and skills is known as
a. a public good. b. the functional distribution. c. human capital. d. enterprise.
An increase in government spending may expedite recovery from a recession in the short run, but in the long run this policy may
A) raise interest rates and reduce consumer expenditures on automobiles and new houses. B) make domestic businesses less competitive in international markets as the dollar appreciates in value. C) reduce investment in new capital. D) All of the above are correct.
We assume that firms, when they are deciding the best rate of output at which to produce
A) try to get the highest price possible. B) want to maximize sales. C) want to minimize costs. D) want to maximize profits.
What are the two main sources of financial capital in the United States?
a. financial inflows from foreign investors and businesses in the United States b. financial outflows to foreign investors and private savings of individuals and firms c. private savings of individuals and firms and financial inflows from foreign investors d. financial inflows from foreign investors and government savings