What does the height of the supply curve at any given quantity of coal show
A)the value to the consumer of the last unit of coal bought
B)the consumer's willingness to pay for coal at each quantity
C)the cost to the producer of the last unit of coal sold
D)the total quantity of coal exchanged in the market

Question

Quizplus · Accepted Answer

The height of the supply curve at any given quantity of coal shows the cost to the producer of the last unit of coal sold. This is because the supply curve represents the marginal cost of production, which is the cost of producing one more unit of coal. Therefore, as the quantity of coal produced increases, the marginal cost also increases, and the height of the supply curve reflects this increase in cost.

What Does the Height of the Supply Curve at Any