Refer to Figure 9.3. This firm's ________ is the firm's marginal cost curve above point B.

A) average fixed cost curve
B) demand curve
C) short-run supply curve
D) marginal revenue curve

Question

Refer to Figure 9.3. This firm's ________ is the firm's marginal cost curve above point B.A)  average fixed cost curveB)  demand curveC)  short-run supply curveD)  marginal revenue curve

Caden Clark · Accepted Answer

Final Answer : C, Explanation :  In microeconomic theory, a firm's short-run supply curve is represented by its marginal cost curve above the shutdown point, which is typically where the marginal cost curve intersects the average variable cost curve (point B in many diagrams). This is because the firm will not supply any output at prices below this point, as it would not cover its variable costs.

Refer to Figure 9.3. This firm's ________ is the firm's marginal cost curve above point B.

A) average fixed cost curve
B) demand curve
C) short-run supply curve
D) marginal revenue curve

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