The supply curve of a good or service is the same as
A) the marginal benefit curve.
B) the marginal cost curve.
C) the demand curve.
D) the total surplus curve.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

The supply curve shows the relationship between the quantity of a good or service that sellers are willing and able to offer for sale at each price, holding all else constant. This is the same as the marginal cost curve, which represents the additional cost of producing one more unit of output. As the price of the good or service increases, producers are willing to supply more, but at a higher cost, represented by a higher point on the marginal cost curve. Therefore, the supply curve is the same as the marginal cost curve.

The Supply Curve of a Good or Service Is the Same