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Nonamiya [84]
1 year ago
7

In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve

that lies above the average-total-cost curve. c. upward-sloping portion of the average-total-cost curve. d. upward-sloping portion of the average-variable-cost curve. e. portion of the marginal-cost curve that lies above the average-variable-cost curve.
Business
1 answer:
Mars2501 [29]1 year ago
6 0

The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.

<h3>What is the long-run supply curve in a perfect competition?</h3>

In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.

This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.

The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.

In conclusion, option B is correct.

Find out more on the long-run supply curve at brainly.com/question/15869064

#SPJ1

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EXPLANATION’

 

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Also given for last year,

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For this year,

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Division A’s revenue for this year = 0.6x – (35% of 0.6x)

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= 65/100 * 0.6x

= 0.39x

Therefore this year, Division A’s revenue is 0.39x

 

Again for this year,

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Division B’s revenue for this year = 0.4x – (5% of 0.4x)

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If Division A’s revenue is 0.39x, and Division B’s revenue is 0.38x; then Division A had higher revenue this year.

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