97%(33)32 out of 33 people found this document helpful
This preview shows page 1 - 2 out of 4 pages.
Each point on a supply curve representsA) 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: BBecause of increasing marginal cost, most supply curvesA supply curve shows the relation between the quantity of a good supplied andA supply curve differs from a supply schedule because a supply curve