The Short-Run Supply Curve for a Firm in a Perfectly

question 67

Multiple Choice

The short-run supply curve for a firm in a perfectly competitive market:

• A)is mainly made up of labour costs
• B)is equivalent to its marginal cost curve (above average variable cost)
• C)will shift if the fixed costs increase
• D)is likely to slope downward

---

Definitions:

Piaget's Theory

A comprehensive theory about the nature and development of human intelligence proposed by Jean Piaget.

Cognitive Ability

The capacity to perform various mental activities related to learning, thinking, reasoning, and problem-solving.

Biological

Pertaining to the processes, structures, and functions of living organisms or the science of life and living processes.

Ambivalent Attachment

A type of insecure attachment characterized by anxiety and uncertainty, where individuals simultaneously seek closeness and push away from caregivers.