Ask Question
BusinessBusiness
26 February, 01:38

The short-run supply curve for an individual firm operating in a perfectly competitive market is:

a. the marginal cost curve at or above the average total cost curve.

b. the marginal cost curve at or above the average variable cost curve.

c. the marginal revenue curve at or above the average total cost curve.

d. the marginal revenue curve at or above the average variable cost curve.

+1
Answers (1)
  1. 26 February, 04:32
    0
    Answer: d. the marginal revenue curve at or above the average variable cost curve

    Explanation: short-run supply curve of a firm in a perfectly competitive market describes the relationship between price (P) and quantity supplied (Q). Supply curve in this type of market is a time in which there is an increase in quantity of goods produce by increasing variable factors while fixed factors remain the same.

    One major feature of a short run market is that supply of a commodity is kept constant until price becomes greater or equal to average variable cost (AVC), supply is consistent until marginal cost (MC) is equal to average revenue (AVR).
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The short-run supply curve for an individual firm operating in a perfectly competitive market is: a. the marginal cost curve at or above ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The publisher from needs to change his calculations. Before the book is actually produced, rising paper costs increase variable costs to $2.10 per book.
Answers (1)
Thompson amp; Thomson is an all-equity firm that has 280,000 shares of stock outstanding. The company is in the process of borrowing $2.4 million at 5.5 percent interest to repurchase 75,000 shares of the outstanding stock.
Answers (1)
The following information is available for Waterway Industries: Sales $640000 Total fixed expenses $150000 Cost of goods sold 440000 Total variable expenses 390000 A CVP income statement would report contribution margin of $490000.
Answers (1)
Evaluate the following statement: "Saving money is not lending. How can it be? When I save my money, I put it in a bank. I don't loan it out to someone else." The statement is A. correct. Depositing money in a bank is borrowing, not saving. B.
Answers (1)
Why do starbucks customer at busy downtown locations in major cities pay more for a cup of coffee than they would at less busy locations?
Answers (1)
New Questions in Business
Merchandise with a sales price of $3,500 is sold on account with terms 2/10, n/60. The journal entry to record the sale would include a Group of answer choices debit to Cash for $3,500 debit to Merchandise Inventory for $70 debit to Accounts
Answers (2)
As a long-term investment, Painters' Equipment Company purchased 25% of AMC Supplies Inc.'s 500,000 shares for $580,000 at the beginning of the fiscal year of both companies.
Answers (1)
What determines the dollar amount of a retired employee's monthly social security check?
Answers (1)
Which job requires a college degree? A. geochemist B. farm laborer C. machine operator D. brick mason
Answers (1)
A medical group practice is considering offering a new service with risk that is greater than the current risk of the business. in evaluating this investment, the decision maker should:
Answers (1)
Home » Business » The short-run supply curve for an individual firm operating in a perfectly competitive market is: a. the marginal cost curve at or above the average total cost curve. b. the marginal cost curve at or above the average variable cost curve. c.
Sign Up Forgot Password?