33. This firm's supply curve is (a) the average cost curve above the marginal cost. (b) the marginal cost curve above average variable cost. (c) the marginal cost curve above the average cost. (d) indeterminate. O(e) perfectly elastic.

33. This firm's supply curve is (a) the average cost curve above the marginal cost. (b) the marginal cost curve above average variable cost. (c) the marginal cost curve above the average cost. (d) indeterminate. O(e) perfectly elastic.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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a firm in a perfectly competitive market
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33. This firm's supply curve is
(a) the average cost curve above the marginal cost.
(b) the marginal cost curve above average variable cost.
(c) the marginal cost curve above the average cost.
(d) indeterminate.
(e) perfectly elastic.
20
MO
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ATC
-AVC
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