A perfectly competitive firm's short-run supply curve is
A) its marginal cost curve above the shutdown point.
B) its average total cost curve above the minimum of the average variable cost.
C) its average variable cost curve above the breakeven point.
D) horizontal at the market price.
A
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Suppose that the market for corn is perfectly competitive. If corn farmers are currently generating losses, then we would expect that in the long run the market
A. supply curve will shift to the left. B. supply curve will shift to the right. C. demand curve will shift to the right. D. demand curve will shift to the left.
Provision was made for squatters' rights in the 1785 Northwest Ordinance
Indicate whether the statement is true or false
Are there impediments to international movement of labor and capital?
A. Yes, but they apply to labor only; capital mobility is almost completely free. B. Yes, although these apply to capital, and not to labor. C. Yes, there are significant (often prohibitive) restrictions on labor and capital mobility. D. No, these have been removed with the passage of recent trade legislation.
Why are politicians and economists concerned about the economic growth rate in the? U.S.?
What will be an ideal response?