Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Answer:
Supply
Explanation:
The supply curve can be regarded as graphic representation that display
correlation that exist between the cost of a good/service as well as quantity supplied for particular period. on the left vertical axis there is price, while on Horizontal axis there is quantity supplied. The vertical distance between supply curve as well as horizontal axis is the marginal opportunity cost required to add a unit to quantity. The area under the supply curve goes up to quantity supplied is total alternative opportunity cost, and it's Summation of marginal costs.
For instance, If we plot John's opportunity cost per window on the vertical axis and the number of windows cleaned each day on the horizontal axis, we will have John's supply curve for window-cleaning services.
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.