The supply curve of a good can also be referred to as the:
A)marginal cost curve of the good.
B)production possibilities frontier.
C)isoquant curve of the good.
D)average variable cost curve of the good.
E)average total cost curve of the good.

Question

Quizplus · Accepted Answer

The supply curve shows the relationship between the price of a good and the quantity supplied, holding all else constant. It reflects the marginal cost of producing the good, as firms will only supply a higher quantity if they can cover their costs and earn a profit. Therefore, the supply curve is often referred to as the marginal cost curve of the good.

The Supply Curve of a Good Can Also Be Referred