Question

What is supply fuction in managerial economics?

Answer 1

hyy...

☆The supply function is the mathematical expression of the relationship between supply and those factors that affect the willingness and ability of a supplier to offer goods for sale.
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Answer 2

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The supply function is the mathematical expression of the relationship betweensupply and those factors that affect the willingness and ability of a supplier to offer goods for sale. ... The semicolon means that the variables to the right are held constant when quantity supplied is plotted against the good's own price.

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