For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________ .
A. demand curve
B. supply curve
C. average total cost curve
D. average variable cost curve
Answer:B
For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________ .
A. demand curve B. supply curve C. average total cost curve D. average variable cost curve
Explanation: 46. Temperatures have persisted below freezing levels in Florida throughout the months of December and January. As a result, demand for electricity sharply increased and the price of electricity rose sharply. The price of coal also rose. In these circumstances, any resulting shifts in the supply curves for coal miners and electricity producers