Economy, asked by dw345027783, 3 months ago

Why is the supply curve upward sloping

Answers

Answered by Anonymous

Explanation:

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.

Answered by Anonymous

Answer:

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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