A supply curve is
A)the same as a production possibilities frontier.
B)a marginal social benefit curve.
C)a marginal benefit curve.
D)a marginal cost curve.
E)a downward-sloping curve.

Question

Quizplus · Accepted Answer

A supply curve shows the relationship between the quantity of a good that producers are willing and able to offer for sale at each price, holding constant other factors that affect producers' decisions. Therefore, a supply curve is a marginal cost curve as it illustrates the minimum price that producers are willing to accept in order to produce a certain quantity of a good.

A Supply Curve Is