Short-run supply curve of a purely competitive firm

Short-run supply curve of a purely competitive firm is the positively sloped segment of: (a) its long run sales revenue curve. (b) its marginal fixed cost curve. (c) its average profits curve. (d) its average total cost curve. (e) its MC curve above the AVC curve.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Equilibrium moves market increase in

When equilibrium moves from point a to point b, the simple market experiencing a raise in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Define progressive in taxes as

Line T0 depicts a tax system which is: (1) progressive. (2) recessive. (3) proportional. (4) biased. (5) regressive. 1577_</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Monopsonistic Exploitation and Wage

Can someone please help me in finding out the accurate answer from the following question. If a firm's wage structure reflects the keenness of individual employees to work, terms which are most applicable comprise: (i) Monopsonistic exploitation and the wage discrimin

Q : Profit Maximization in the Labor Markets

I have a problem in economics on Profit Maximization in the Labor Markets. Please help me in the following question. All the profit maximizing firms will hire labor up to a point where: (1) MRP = MFC. (2) MRP = w. (3) VMP = w. (4) VMP = MFC.

Q : Examples of command economies Give the

Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.

Q : Increasing cost industries in long run

When cranberry farming is an increasing constant cost industry and that firm is typical, in that case an increase within the market demand for cranberries will give in a long run equilibrium price as: (i) less than P1. (ii) greater than P2.

Q : Why demand curve is more elastic Why

Why demand curve is more elastic under monopolistic competition as compare to monopoly.

Q : Inferior good from income elasticity of

When income elasticity of market demand is minus 1 (one), the good is: (w) average good. (x) intermediate good. (y) inferior good. (z) "image" good. How can I solve my economics problem? Please suggest me the corre

Q : Economic losses driven down to zero

Exit by a competitive industry will arise till economic: (1) profits are driven to zero. (2) profits counterbalance accounting losses. (3) incomes are equalized for comparable workers. (4) costs are sufficiently below accounting losses. (5) losses are driven down to z

Q : Freedom of entry-exit in long run

Contestable markets and purely competitive markets share the feature of: (w) collusive behavior of huge firms. (x) freedom of entry and exit into the long run. (y) widespread product differentiation. (z) persistent economic profits.

Discover Q & A

Leading Solution Library

Avail More Than 1451899 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1933647
Asked

3,689

Active Tutors

1451899

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment