-The firm's short-run supply curve begins at an output of

Question

Quizplus · Accepted Answer

The firm's short-run supply curve begins at the output level where price equals marginal cost, which is typically above the shutdown point. Without specific cost or price data, it's impossible to determine the exact starting point of the supply curve. However, given the choices, the correct answer is selected based on the assumption that one of them is the point where the firm's marginal cost starts to match or exceed the price, making it viable for the firm to supply that quantity.

-The Firm's Short-Run Supply Curve Begins at an Output of