For a given seller, the below above shows the relationship between the number of units produced and the opportunity cost of producing an additional unit of output. As the market price of this good increases, the quantity produced by this seller will ______.

Question

Quizplus · Accepted Answer

According to the graph, as the market price increases, the opportunity cost of producing an additional unit decreases. This means that the seller can produce more units without incurring a high opportunity cost. Therefore, the quantity produced by the seller will increase as the market price increases.

For a Given Seller, the Below Above Shows the Relationship