Question

66) Assuming that this firm decides to produce a positive level of output, its short run supply curve is given by A) its Average Variable Cost curve above the point where AVC = 4. B) its Average Total Cost curve above the point where ATC = 5. C) its Marginal Cost curve above the point where MC = 1. D) its Marginal Cost curve above the point where MC = 4. E) its Marginal Cost curve above the point where MC = 5.