Economy, asked by palbinita73, 6 months ago

what is the implications of supply curve that starts from y axis and positively slope​

Answers

Answered by Zaynroy
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.

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