The Figure Below Shows the Cost Curves of a Firm

question 101

Multiple Choice

The figure below shows the cost curves of a firm in a competitive market. The firm always makes the choice to maximize its profit.

-Refer to the figure above.The short-run supply curve of the firm is ________.

• A) vertical at 0 units between the price $0 and $2.25, then it follows the marginal cost curve
• B) vertical at 0 units between the price $0 and $1.50, then it follow the marginal cost curve
• C) the upward-sloping portion of the marginal cost curve only
• D) the downward-sloping portion of the average variable cost until it crosses the marginal cost curve, then it follows the marginal cost curve

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Female human beings, with discussions often focusing on their social, political, and economic rights and status.

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Legislation aimed at changing the welfare system by encouraging work and reducing dependency on government benefits.

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