When referring to supply, the intensive margin refers to
A)the marginal cost of production
B)how much each firm produces
C)how intensively they use labor and production
D)how many firms are in the market

Question

Quizplus · Accepted Answer

The intensive margin of supply refers to how much each individual firm produces, rather than how many firms are in the market or the cost of production. It focuses on the level of output that firms choose to produce at any given point in time.

When Referring to Supply, the Intensive Margin Refers to