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frosja888 [35]
3 years ago
13

A firms supply curve is equal to _________________ above the minimum point on the ________________curve. Select the correct answ

er below: marginal revenue; average total cost marginal cost; average variable cost average total cost, marginal cost average variable cost, average total cost
Business
1 answer:
Sergio [31]3 years ago
3 0

Answer:

The correct answer is: marginal cost; average variable cost.

Explanation:

The supply curve of a perfectly competitive firm is equal to its marginal cost curve above the minimum point of its average variable cost. This happens because the firm supplies at the point where its price is equal to marginal cost and covering the average variable cost.  

In case the product price does not cover the average variable cost, the firm will stop production.

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Greg, who is from florida and a geologist for exxonmobil, decided to transfer to an office in saudi arabia. greg is a(n) ____.
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A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for t
GaryK [48]

Answer:

The correct answer is letter "B": Joint venture.

Explanation:

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5 0
2 years ago
A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity
ANEK [815]

Answer:

$930.11

Explanation:

We will first find the YTM

Par value 1000

Couple rate 8.50%

N 24

PV $925

PMT $85

FV $1000

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Therefore:

Value in 5 years will be:

N 20

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