. A competitive firm’s short-run supply curve is its ________ cost curve above its ________ cost curve. a. average total, marginal b. average variable, marginal c. marginal, average total d. marginal, average variable

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Firms In Competitive Markets
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4. A competitive firm’s short-run supply curve is its
________ cost curve above its ________ cost curve.
a. average total, marginal
b. average variable, marginal
c. marginal, average total
d. marginal, average variable

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