Each point on a supply curve shows the _ _ acceptable price to firms for selling that unit; this price reflects to firms from producing that unit.
A)minimum; the additional value
B)minimum; the equilibrium price
C)minimum; the additional cost
D)maximum; the additional value
E)maximum; the additional cost

Question

Quizplus · Accepted Answer

Each point on a supply curve shows the minimum acceptable price to firms for selling that unit, which reflects the additional cost of producing that unit.

Each Point on a Supply Curve Shows the _ _