The Supply Curve of a Perfectly Competitive Firm in the Short

question 163

Multiple Choice

The supply curve of a perfectly competitive firm in the short run is

• A)the firm's average variable cost curve.
• B)the portion of the firm's marginal cost curve below the minimum point of the average variable cost curve.
• C)the portion of the firm's marginal cost curve above the minimum point of the average variable cost curve.
• D)the portion of the firm's marginal cost curve above the minimum point of the average total cost curve.

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Definitions:

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses.

Basilar Membrane

A membrane in the cochlea of the inner ear that vibrates in response to sound, helping to transmit sound waves to the auditory nerves.

Tympanic Membrane

Also known as the eardrum, it is a thin membrane that separates the external ear from the middle ear and vibrates in response to sound waves.

Organ of Corti

A structure in the cochlea of the inner ear that produces nerve impulses in response to sound vibrations.