Q. The short-run supply curve of a perfectly competitive firm (Solved)
1. is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve
2. is equal to that portion of the short-run marginal cost curve that is above the average total cost curve
3. is equal to that portion of the short-run average total cost curve that is above the average variable cost curve
4. None of the above is correct
- a. is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve