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

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Definitions:

Goals of Psychology

To describe, explain, predict, and control behavior and mental processes through scientific methods.

Big Five Personality Traits

The Big Five personality traits are a model that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

The care a person gives to organization and thoughtfulness of others; dependability.

Neuroticism

Degree of emotional instability or stability.