How much would it cost to run a small farm?

When is short run supply curve same as marginal cost curve?

  • Which of the following is true? A - A competitive firm’s short run supply curve is its marginal cost curve below the minimum of AVC. B- A competitive firm’s short run supply curve is its marginal cost curve above the minimum of ATC. C - A competitive firm’s long run supply curve is its marginal cost curve below the minimum of AVC. D - A competitive firm’s short run supply curve is its marginal cost curve above the minimum of AVC.

  • Answer:

    "D" is right one.

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