A competitive firm's short-run supply curve is part of which of the following curves?
A)marginal revenue
B)average variable cost
C)average total cost
D)marginal cost

Question

Quizplus · Accepted Answer

The short-run supply curve of a competitive firm is determined by its marginal cost curve, as the firm will produce as long as its price is greater than or equal to its marginal cost. Therefore, the short-run supply curve is part of the marginal cost curve.

A Competitive Firm's Short-Run Supply Curve Is Part of Which