Refer to the accompanying figure to answer the following questions.

-This firm's short-run supply curve is represented by the

Question

Refer to the accompanying figure to answer the following questions.
 
-This firm's short-run supply curve is represented by the

Quizplus · Accepted Answer

In the short run, a firm's supply curve is represented by its marginal cost (MC) curve above the shutdown point, which is determined by the price covering the average variable cost (AVC). Since the specific shutdown point isn't provided, the best answer is the MC curve above a certain price, which is how firms decide whether to produce or not based on marginal costs.

Refer to the Accompanying Figure to Answer the Following Questions