Because of increasing marginal cost, most supply curves

Name: Because of increasing marginal cost, most supply curves
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

Increasing marginal cost means that as production increases, the cost of producing an additional unit also increases. This relationship typically results in a supply curve that slopes upwards from left to right, indicating that higher prices are necessary to incentivize the production of more units. Hence, most supply curves have a positive slope.

Because of Increasing Marginal Cost, Most Supply Curves