Question

explain the short run supply curve under perfectly competitive firm​

Answer 1

Answer:

Short run supply curve of a perfectly competitive firm is that portion of marginal cost curve which is above average variable cost curve. ... In this case, firms' marginal revenue and marginal cost cut each other at A, OM is equilibrium output. If price goes up to OP1, the firm will produce OM1 output.

Answer 2

In a superbly aggressive market, the quick run deliver curve is the marginal value (MC) curve at and above the shutdown factor. The quantities of the marginal value curve under the shutdown factor aren't anyt any a part of the deliver curve due to the fact the corporation isn't always generating in that range.