Solved

Which Portion of the Marginal Cost Curve Is Used to Create

Question 63

Multiple Choice

Which portion of the marginal cost curve is used to create a firm's short-run supply curve?


A) the entire marginal cost curve
B) the marginal cost curve above its intersection with the average variable cost curve because below this price, firms will shut down in the short run
C) the marginal cost curve above its intersection with the marginal revenue (demand) curve
D) the marginal cost curve above its intersection with the average total cost curve because below this price, firms will shut down in the short run

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions