| Question: The short-run supply curve of a perfectly competitive firm | A. | is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve | B. | is equal to that portion of the short-run marginal cost curve that is above the average total cost curve | C. | is equal to that portion of the short-run average total cost curve that is above the average variable cost curve | D. | None of the above is correct | Answer» a. is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve |  
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |