Forum Archive Index - May 2001

[not important <cullen150@yahoo.com>]

Hello,
 Im sorry this is off the topic but we (students at
school) discovered my economics teacher is a actually
monkey. please help me.
 I need somebody who can remember back to the
wonderful days of seventh form bursary economics which
I am doing this year. I need someone to explain to me
why in perfect competiton "individual firms supply
curve is the marginal cost curve *?ABOVE?* where it
intersects the average variable cost curve"
 what i dont get is if MC is increasing why would you
want to produce a higher (above ac) levels where costs
are increasing heaps between units?

the graph in my notes

$l     /mc
 l -  /    ---ac
 l  -/----
 l  /
 l_/____________

my teacher doesnt even understand what im asking help
for.
Thanks for any replies people :)
  thanks cullen150  yay i made all blacks again!

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