Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. Figure 9.3
-Refer to Figure 9.3. This firm's short-run supply curve is the firmʹs
A) AVC curve to the right of Point B.
B) marginal cost curve above Point A.
C) marginal cost curve above Point B.
D) marginal cost curve above Point D.

Question

Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.  Figure 9.3
-Refer to Figure 9.3. This firm's short-run supply curve is the firmʹs
A) AVC curve to the right of Point B. 
B) marginal cost curve above Point A. 
C) marginal cost curve above Point B. 
D) marginal cost curve above Point D.

Quizplus · Accepted Answer

In the short run, a firm's supply curve is represented by its marginal cost (MC) curve above the point where the MC curve intersects the average variable cost (AVC) curve, which ensures the firm is covering its variable costs. This point is typically labeled as Point B.

Refer to the Information Provided in Figure 9