what is the implications of supply curve that starts from y axis and positively slope
Answers
Answered by
2
Hey buddy here is your answer
Hence, decisions to supply are largely determined by the marginal cost of production. The supply curve slopes upward, reflecting the higher price needed to cover the higher marginal cost of production. The higher marginal cost arises because of diminishing marginal returns to the variable factors.
Hope it helps
Mark the brainliest and click the thanks button
And don't forget to follow me
Similar questions