FIGURE 9-1
-Refer to Figure 9-1.The diagram shows cost curves for a perfectly competitive firm.The firm's short-run supply curve starts at output ________ and rises along the marginal cost (MC)curve.

Question

Quizplus · Accepted Answer

The short-run supply curve starts at the minimum point of the average variable cost curve (AVC) and rises along the marginal cost (MC) curve. In the diagram, the minimum point of the AVC curve is at output D, so the short-run supply curve starts at output D.

FIGURE 9-1 -Refer to Figure 9-1.The Diagram Shows Cost Curves for a for a Perfectly