The Marginal Cost Curve Is the Short-Run Supply Curve

question 79

Multiple Choice

The marginal cost curve is the short-run supply curve

• A) at all points.
• B) as long as the firm is not operating.
• C) as long as the firm is operating.
• D) only between minimum average total cost (ATC)and minimum average variable cost (AVC).
• E) only above minimum average total cost (ATC).

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often related to the number of values in the final calculation of a statistic that are free to vary.

One-sample T Test

A statistical test used to compare the mean of a sample to a known value or theoretical expectation when the population variance is unknown.

Null Hypothesis

A hypothesis stating no significant relationship or correlation between variables, serving as the base assumption to be tested against in research.

Sample Mean

A measure that calculates the average value of a set of numbers.