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. 
Select the number-pair that is different from the other three.
Select the option in which the numbers are related in the same way as are the numbers of the following set.
(15, 315, 7)
Select the number-pair in which the two numbers are related in the same way as are the two numbers of the following number-pair.
7 : 85
Read the directions carefully and answer the following question.
Select the correct combination of mathematical signs that can sequentially rep...
Select the number that can replace the question mark (?) in the following series. 17, 21, 30, 46, 71, ?
If all the digits in each of the numbers are arranged in ascending order within the number, which of the following will form the highest in the new arra...
87 25 36
44 22 13
What is the sum of the resultants of the two rows?
...Four number-pairs have been given, out of which three are alike in some manner and one is different. Select the number-pair that is different.
- This question is based on the five, three-digit numbers given below.
(Left) 847 538 628 482 497 (Right)
(Example- 847 – First digit = 8, ... If all the numbers are arranged in descending order from right to left, which of the following will be the product of the all three digits of the number...
