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) maximum; the additional value
B) maximum; the additional cost
C) minimum; the equilibrium price
D) minimum; the additional value
E) minimum; 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 _ _