Because of increasing marginal cost, most supply curves

Name: Because of increasing marginal cost, most supply curves
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Increasing marginal cost means that as production increases, the cost of producing an additional unit also increases. This relationship is typically represented by a supply curve that slopes upwards from left to right, indicating that higher prices are needed to incentivize the production of more units. Hence, most supply curves have a positive slope.

Because of Increasing Marginal Cost, Most Supply Curves