Title
(4) The Marginal Cost Curve as the Firm's Supply Curve
Topic Category
Perfect Competition
Publication Date
2011
Keywords
Marginal Cost, Supply Curve
Abstract
This demonstrates the the Marginal Cost Curve for a Perfectly Competitive firm is its Marginal Cost Curve.
Recommended Citation
Crane, Steven E., "(4) The Marginal Cost Curve as the Firm's Supply Curve" (2011). Principles of Microeconomics. Paper 39.
http://epublications.marquette.edu/microecon_learning/39
Run Time
2:39
Primary Discipline
Microeconomics
Skills Delivered
Ability to explain why the Perfectly Competitive firm's Marginal Cost Curve is its supply curve. Ability to derive the firm's supply curve given its cost functions.
Rigor Level
2000
Prerequisites
Previous Perfect Competition and Short Run Cost Videos
COinS