A Perfectly Competitive Firm's Short-Run Supply Curve Is

question 45

Multiple Choice

A perfectly competitive firm's short-run supply curve is

• A) its marginal cost curve below the marginal revenue curve.
• B) its marginal revenue curve below the ATC curve.
• C) horizontal at the market price.
• D) its total cost curve above the AVC.
• E) its marginal cost curve above the AVC curve.

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Definitions:

External Human Resource Sources

The methods and locations outside of the organization where potential job candidates can be found, such as job fairs, online job portals, and recruitment agencies.

Internal HR Supply

The availability of existing employees within an organization that can be trained or promoted to fill future vacancies.

Subsequent Promotion

The act of elevating an employee to a higher position or rank following their initial employment or previous role.

HR Demand

The forecasted need for human resources within an organization, determined by upcoming business operations, strategic objectives, and employee resource planning.