A perfectly competitive firm's marginal cost curve above the average variable cost curve is its _____ curve.

A) input demand
B) short-run supply
C) marginal revenue
D) total revenue

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies with the level of production.

Average Variable Cost

The total variable cost divided by the quantity of output produced, representing the variable cost per unit of output.

Short-run Supply

The amount of output that producers are willing and able to sell at different prices over a short period of time, often assuming some inputs are fixed.