A competitive firms short-run supply curve is its _ cost curve above its _ cost curve. a.

Question:

A competitive firm’s short-run supply curve is its _________ cost curve above its _________ cost curve.

a. average-total-; marginal

b. average-variable-; marginal

c. marginal-; average-total

d. marginal-; average-variable-

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

See More Books

Question Posted: Jan 27, 2024 11:00 PM

See More Questions

Multiple Choice Questions 1. A perfectly competitive firm a. Chooses its price to maximize profits. b. Sets its price to undercut other firms selling similar products. c. Takes its price as given by...
1. Draw the Supply Curves. The following table shows short-run marginal costs for a perfectly competitive firm: a. Use this information to draw the firms marginal cost curve. b. Suppose the shut-down...
True or False? (Provide reasoning) If two individuals have inverse demand curves given by P = 10 - 4q1 and P = 10 - 8q2 respectively, then total demand for the individuals is P = 10 - 12q. If each of...
Perform computational experiments to verify that the average path length in a ring graph on $V$ vertices is $\sim 1 / 4 V$. Then, repeat these experiments, but add one random edge to the ring...
The power cable for an electric trolley (Fig 20-64) carries a horizontal current 0f 330 A toward the east. The Earths magnetic field has a strength 5.0 X 10-5 T and makes an angle of dip of 220 at...
a. Construct a frequency distribution table for blood glucose levels of male participants using the classes 7589, 90104, 105119, 120134, and 135149. b. Calculate the relative frequency and percentage...
Two conspirators, Timothy Carpenter and Timothy Sanders, were charged with aiding and abetting a robbery affecting interstate commerce and the use or carriage of a firearm. At trial, the FBI...
The beginning inventory at RTE Office Supplies and data on purchases and sales for a three-month period are shown in Problem 6-1A. Instructions 1. Record the inventory, purchases, and cost of...
Let ACR be closed and BCR" be compact. Show that the sum set C = A + B = {cR": = a+b for some A, B} is closed. Is it necessarily true that C is compact?
If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and average total cost, it will a. keep producing in the short run but exit...
A competitive firm maximizes profit by choosing the quantity at which a. average total cost is at its minimum. b. marginal cost equals the price. c. average total cost equals the price. d. marginal...
Explain why increasing the sample size tends to result in a smaller sampling error when a sample mean is used to estimate a population mean.
Compute the indicated limit. Write your answer as a fraction, if necessary. r _52+4 -x-12 lim x 4x.
a 5 4 0 kg spacecraft weighs 8 1 0 N on the surface of planet equity. what is the acceleration due to gravity on the planet's surface?
If a 2 kg ball is falling with a terminal speed, what is the force (in newtons) of the air resistal on the ball? (use g = 10 m/s)
Using f(x)=x-6 Find (9-3)
6. A North American river otter wants to cross the North Saskatchewan river. It can swim at a speed of 2.75 m/s. In that location, the distance directly across the river is 45.0 m. a) How much time...
Following are comparative statements of cash flows, as reported by The Coca-Cola Company in its 2008 annual report: Required: a. Briefly review the consolidated statements of cash flows, and then...
3.16. For a system with non-identical service rates (see Sect. 3.5) and a limit of N jobs in the system (Eq. 3.13), obtain an expression for the mean service time per job, E[Ts], as a function of the...
The Federal Reserve Board of Governors has the power to raise or lower short-term interest rates. Between 2005 and 2006, the Fed aggressively increased the benchmark federal funds interest rate from...
The Blume quintuplets, Aster, Dahlia, Iris, Jasmine, and Poppy, have an opportunity to purchase a wholesale florist company. Each of the women would have to put up $300,000 to make the purchase. The...
Draw a graph showing an investment demand curve and explain the slope of the curve.
What is the SWOT Analysis of GoTransit Canada. Provide brief explanation for every strength, weakness, opportunity, and threat.
TranscribedText: 11:32PM Sat Jan 27 Y2 @ ezto.mheducation.com < uestion 1 - Chapter 5 homework - Connect N Paraphrasing Tool - QuillB Chapter 5 homework @ Saved Help Save & Exit Submit 1 points eBook...
Create an Income Statement, Retained Earnings Statement, and Balance Sheet. Do not create a Statement of Cash Flows. Make up the name of the company, the accounts, and the numbers needed to plug the...

A competitive firms short-run supply curve is its _________ cost curve above its _________ cost curve. a.

Question:

Step by Step Answer:

Principles Of Microeconomics

Students also viewed these Business questions

A competitive firms short-run supply curve is its _ cost curve above its _ cost curve. a.