Reasons for supply curves being positively sloped include

Question

Quizplus · Accepted Answer

The supply curve is positively sloped primarily because of the law of increasing costs, which states that as production increases, the marginal cost of producing an additional unit of output also increases. This is due to factors such as the need for more expensive inputs or less efficient labor as production expands. Choices A and C do not directly explain why the supply curve is positively sloped; they relate more to firm behavior and market demand, respectively.

Reasons for Supply Curves Being Positively Sloped Include