Exhibit 12-5 Refer to Exhibit 12-5.The firm's short-run supply curve corresponds to which segment of the marginal cost curve in the diagram?

Name: Exhibit 12-5 Refer to Exhibit 12-5.The firm's short-run supply curve corresponds to which segment of the marginal cost curve in the diagram?
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Question

Exhibit 12-5  Refer to Exhibit 12-5.The firm's short-run supply curve corresponds to which segment of the marginal cost curve in the diagram?

Quizplus · Accepted Answer

The short-run supply curve corresponds to the segment of the marginal cost curve where marginal cost is above the minimum point of average variable cost. This corresponds to segment CDE in the diagram.