Question

A supply curve slopes upward because

a.
â as more is produced, total cost of production falls.

b.
â many firms will experience increases in their costs of production as their output rises so they need a higher price in order to induce them to produce more output.

c.
â the higher the price per unit, the greater the profitability generated by supplying more of that good.

d.
â both (b) and (c).

Answer 1

Answer:

D.) Both (B) and (C)

Step-by-step explanation:

The slope upward depicts higher sales option (B) and (C) are causes for higher production

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