Answer to Question #316462 in Microeconomics for Tee

Question #316462

Under perfect competition the rising firms marginal cost curve above minimum of avarage variable cost is what?

Expert's answer

Firm's supply curve.

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Defi ne the concept of a supply schedule or curve. Show that an increase in supply means a rightward
2. Define Positive and Normative Economics and classify each of the following statements. (5) a) Societ
3. What decision that the Honda and Proton made using by company and how to reduce the cost of producti
4. What are the benefits associated with low cost of production?
5. "As the price of domestic automobiles has inched upward, customers have found foreign autos tob
6. Explain why we say that not all giffen goods are inferior but not all inferior goods are inferior go
7. 2.3 Differentiate between product market and labour market (Use diagrams that explain the interactio