--%>

Question on short-run supply curve

The table below illustrates the firm’s revenue and cost information while the price falls to $35. Determine the firm’s short-run supply curve.  

2053_cost curves.png

The short-run supply curve of firm is its marginal cost curve above average variable cost. The below table lists marginal cost, total cost, fixed cost, variable cost and average variable cost.  The firm will generate 8 or more units based on the market price and will not generates in the 0-7 units of output range since in this range AVC is greater than MC.  While AVC is greater than MC, the firm minimizes losses by generating nothing.

1133_cost curves1.png

   Related Questions in Biology

  • Q : Define Cataract Cataract : A Cataract

    Cataract: A Cataract is a clouding of Crystalline Lens within the eye. This is not a film over the eye. The Crystalline Lens is made up of soft flexible protein which is surrounded by an elastic membrane termed as Capsule. Whenever the soft, normally

  • Q : Secondary and primary ecological

    Write down the difference between secondary ecological succession and primary ecological succession?

  • Q : Three kinds of passive transport What

    What are the three main kinds of passive transport? Answer: The three main kinds of passive transport are osmosis, simple diffusion, and facilitated diffusion.

  • Q : Biological function of connective

    State the typical biological function of connective tissues? How function is associated to the main features of its cells?

  • Q : Sources of Phosphorus What are the

    What are the significant sources of Phosphorus?

  • Q : Intensity of simple

    How does the intensity of simple diffusion differ regarding the concentration gradient of moved substance?

  • Q : Characters of the Alzheimers disease

    Write down the features or characters of the Alzheimer’s disease? Explain in short.

  • Q : Organs part in female reproductive

    Illustrate the name organs which are integrated in the female reproductive system?

  • Q : What is strategy? 1.  Strategy is about

    1.  Strategy is about achieving the best future, not just the most obvious or an extrapolation of the past. 2.  It has to be achievable 3.  There needs to be a clear and logical r

  • Q : What is Marketing Strategy Marketing

    Marketing Strategy: During the initial stages of assessing the opportunities for us in this business of supply of packed lunch boxes, we had only a sketch idea of our marketing strategy. Now that we have decided to enter the business, we want to put a