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. 
What is contingent crop planning?Â
The anal lobe of mosquitoes is capable of absorbing which of the following substances or materials?
After the stage of sheet erosion, what is the term used to describe the formation of small, finger-like channels on the soil surface?
What does the principle of evaluation in extension education focus on?
 Which of the following materials were used for the reclamation of saline soil?
Where is the chemical weathering of rocks is most intense ?
How do mitochondria and chloroplasts perform oxidative phosphorylation and photophosphorylation reactions, respectively?
The mid season correction is a practice of
Which among the following can be classified as often cross pollinated species?
What is the causal organism of Powdery mildew of Ricinus communis?
