Ask Question
Social StudiesSocial Studies
27 July, 19:51

Identify a good that has an upward sloping supply curve. explain your choice

+2
Answers (1)
  1. 27 July, 20:16
    0
    Firms need to sell their extra output at a higher price so that they can pay the higher marginal cost of production. 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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Identify a good that has an upward sloping supply curve. explain your choice ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Why is Roman law important to us today? It developed ideas of justice that are the basis of our legal system. It was extremely harsh and unfair to conquered peoples. It shows why the empire finally fell apart.
Answers (1)
Infer how the energy used by many living things on earth an be traced back to sunlight. Explain!
Answers (1)
1. An island arc complex is formed where A. two continental plates converge. B. a volcano erupts along an oceanic plate. C. a continental and oceanic plate converge. D. two oceanic plates converge.
Answers (1)
As a result of Betty's competency evaluation, the doctor concluded that Betty is not only incompetent to stand trial, but that she will probably never be competent. What could happen as a result?
Answers (1)
what religion "Fox taught that the Inner Light emancipates a person from adherence to any creed, ecclesiastical authority or ritual forms"?
Answers (1)
New Questions in Social Studies
What is the term for ethnic groups that have, once had, wish to have, or wish to gain autonomous political status?
Answers (1)
A system of checks and balances in leader behaviors. A moral philosophy between concepts of right and wrong behaviors linked to resource allocation. An application of distributive justice based on values, beliefs and principles. All of the above.
Answers (1)
Stretch of battlefield along the German and Russia border?
Answers (1)
Since the breakup of the Soviet Union, people in the Caucasus and Central Asia have experienced a new way of life. Which statement reflects one of these changes? A.
Answers (1)
A consumer analyst asks participants to rate the health benefits of two health drinks-EnerG and Supreme. EnerG is rated more nutritive with a mean of 5.5 than Supreme, which is found to have a mean of 4.3.
Answers (1)
Home » Social Studies » Identify a good that has an upward sloping supply curve. explain your choice
Sign Up Forgot Password?