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)minimum; the equilibrium price
B)maximum; the additional value
C)minimum; the additional value
D)maximum; the additional cost
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 to firms from producing that unit.

Each Point on a Supply Curve Shows the ________ Acceptable