Producers Choose ________. Producers Are Efficient on the Market Supply Curve Because ________
Producers choose ________.
Producers are efficient on the market supply curve because ________.
A) to produce a good or service only if they will receive a producer surplus;every point on the market supply curve maximizes producer surplus
B) to maximize profit;on the market supply curve scarcity is eliminated
C) to produce goods and services made with the newest technology;the market supply curve traces out the same path as a firm's marginal cost curve
D) to maximize profit;we derive the firm's supply curve by finding the profit-maximizing quantity at each price
E) to produce goods and services made with the newest technology;every point on the market supply curve shows the marginal cost of production using new technology
Correct Answer:
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