E Final Exam Review Shee × Ye Graph 1 : Graph 1 Depict 0(1 ) chapter 14economi X

Question

E Final Exam Review Shee × Ye Graph 1 : Graph 1 Depict 0(1 ) chapter 14economi X, " Take Test: Chapter 145 >c secure https: oswego open suny edu webapps/assessment take launch sp?course assessment d 46093_1&coursed; 24841 1&content;_id- 796396 1 &step-nu; Question Completion Status QUESTION 5 1 points Save Answer Graph 1: MC AVC $10 $8 $6 $2 5 12 18 24 30 32 34 46 52 Graph 1 depicts the cost structure of a perfectly competitive firm. The short-run supply curve for the firm is this marginal cost curve beyond an output level of_ a. 30 units b. 24 units c. 18 units o d. 34 units QUESTION 6 1 points Save Answer 3:08

Explanation / Answer

Answer
Option a
the short run supply curve is marginal cost curve above the minimum of average variable cost and that point is at MC=AVC where Q=30 units

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