Each point on a supply curve represents
A)
the highest price buyers will pay for the good.
B)
the lowest price for which a supplier can profitably sell another unit.
C)
the lowest price buyers will accept per unit of the good.
D)
the highest price sellers can get for each unit over time.
Answer: B
Because of increasing marginal cost, most supply curves
A supply curve shows the relation between the quantity of a good supplied and
A supply curve differs from a supply schedule because a supply curve
