Asked by Halwi Ahmed on Jun 18, 2024
Verified
The firm's short-run supply curve begins at an output of
A) 0.
B) 40.
C) 45.
D) 50.
E) 55.
Short-Run Supply Curve
A graphical representation showing the relationship between the price of a good and the amount that producers are willing to supply, over a short period.
Output
The quantity of goods or services produced by a firm, industry, or economy in a given time period.
- Comprehend the establishment of the supply curve for a firm during both immediate and extended timeframes.
Verified Answer
KG
Kurderrious GreenJun 20, 2024
Final Answer :
B
Explanation :
The firm's short-run supply curve begins at the output level where price equals marginal cost above average variable cost, which is typically not at zero output. The specific starting point (e.g., 40) would depend on the firm's cost structure and the context provided in a more detailed scenario.
Learning Objectives
- Comprehend the establishment of the supply curve for a firm during both immediate and extended timeframes.
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