Question: please answer Question A perfect competitor finds that the best it can do if it produces any output is to prod uce a daily output
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Question A perfect competitor finds that the best it can do if it produces any output is to prod uce a daily output of 100 units which it will sell at the market price or AR of 1 0, but even then it would then make a loss. Under what circumstances would it denitely make a smaller loss if it shut down and produced nothing? a) If. at an output of 100 a day, its AVG would be above 10. b) if. at an output of 100 a day, its AFCwould be above 10. c) If, at an output of 100 a day, its SACwould be above 10. (1) if. at an output of 100 a day, its SMC would be above 10. Question? Which part of a perfect competitor's short-run marginal cost curve, SMQ is also its short- run supply curve. 35? a) The whole of the SMC curve. b) The whole of the upward sloping part of the SMC curve c) The part of the SMCcurve above its intersection with the A VG curve. (I) The part of the SMC curve above its intersection with the SACcurve
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