Why is the firm's marginal cost curve equal supply curve?
How can supply curve tell about marginal cost?
What is marginal cost? What are the limitations of general supply curve and demand curve? What are the assumptions made for plotting this curve? What is the relation between marginal product and marginal cost? What does a demand curve illustrate? What is a demand curve? What is demand curve? What are the characteristics of a demand curve? What is linear demand curve? What are the characteristics of a linear demand curve? What is a linear demand curve? What is the demand curve for money? How is it determined? What does it mean marginal cost at short run and long run? What is a demand curve? When is it linear? What is a market demand curve? Why Average revenue curve called demand curve? Why the graph of demand and supply curve is not actually curved? Why are supply and demand curves depicted as straight lines? Which has a stronger impact in determining the market price, the supply curve or the demand curve? Is a marginal cost curve always going to be upward sloping for all organisations, or can it be flat or even downwardly sloping up to a certain point? What is an abnormal demand curve? What are the basic principles of supply and demand? How can you determine the variable cost ratio formula? What do you mean by marginal utility in economics? Why doesn't the supply curve start from the origin? What is the difference between linear and non-linear demand curve? What is the difference between minimum support prices and procurement prices in India's agriculture context? Why is the average revenue curve the same as the demand curve? Why are aggregate demand curves downward-sloping? Assume a firm has a Cobb-Douglas production function Y=L^0.5 K^0.5 (^=at the power of). Assume [w] wage= $1, [r] rental=$2 and price of output [p] =$5 and firm has linear cost function. What is the marginal product of capital (MPK) and the marginal product of labor (MPL) for the firm? What is the normal distribution curve?