The minimum supply- price is the same as
A) marginal cost.
B) profit.
C) market price.
D) producer surplus.

Question

Quizplus · Accepted Answer

The minimum supply price is equivalent to the marginal cost, which is the cost of producing one additional unit of a good or service. This is because producers are typically willing to supply a product only if the price they receive is at least equal to the marginal cost of producing it.

The Minimum Supply- Price Is the Same as