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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Which of the following is a correct description of the supply curve?
i.   The supply curve is also the marginal cost curve.
ii.   The supply curve shows the dollars' worth of other goods that we must sacrifice to produce another unit of a good.
iii.   The supply curve shows the additional cost of producing another unit of a good.
A) i only
B) i and ii
C) ii and iii
D) i, ii, and iii
E) ii only
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 273 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Posts: 3807
9 years ago
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9 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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