Question
What is the supply curve of a firm in Perfect
Competition?Solution
The individual supply curve shows how much output a firm in a perfectly competitive market will supply at any given price. Provided that a firm is producing output, the supply curve is the same as marginal cost curve. When market price is below Average variable cost (AVC), the firm will not produce and would shut down. As such, the supply curve in a perfectly competitive market would only be that part of MC curve which is above AVC. 
Which of the following sequence represents the correct English dictionary order of the following words?
1. Transport
2. Transcript
...
Select the correct option that indicates the arrangement of the given words in the reverse order in which they appear in an English dictionary.
1...
Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary.
1. Drench...
Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary.
1. Freeze...
Select the correct option that represents the correct order of the given words as they would appear in an English dictionary:
1 – Brilliant
- Which of the following sequences represents the correct dictionary order of the following words?
1. Brave
2. Branch
3. Breeze
4... Which of the following word will appear second in the English Dictionary?
Which of the following sequences represents the correct dictionary order of the given words?
1- Capture
2- Capital
3- Capacity
...Seven boxes, D, E, F G, H, I and J, are kept one above the other such that the box, which is kept at the bottommost position is numbered as 1, the box a...
Select the correct option that indicates the arrangement of the given words in the order in which they appear in an English dictionary.
1. Zaffer...
