Refer to the information provided in Figure 9.6 below to answer the questions that follow. Figure 9.6
-Refer to Figure 9.6. This increasing cost industry's long-run supply curve would be found by drawing a line from
A) Points A to E.
B) Points B to F.
C) Points B to C.
D) Points B to E.

Question

Refer to the information provided in Figure 9.6 below to answer the questions that follow.  Figure 9.6
-Refer to Figure 9.6. This increasing cost industry's long-run supply curve would be found by drawing a line from
A) Points A to E. 
B) Points B to F. 
C) Points B to C. 
D) Points B to E.

Quizplus · Accepted Answer

The long-run supply curve for an increasing cost industry is upward sloping and is found by drawing a line from the minimum point of each firm's average total cost curve as industry output expands. This is represented by points B to E in Figure 9.6. Therefore, option D is the correct choice.

Refer to the Information Provided in Figure 9