an individual supply schedule
What will be an ideal response?
a supply schedule shows the relationship between price and quantity supplied for a specific good or service, or how much of a good or service a supplier will offer at various prices.
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Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the firm's total cost while the price of labor and capital remain unchanged?
A) the movement from CE to AF B) the movement from BD to AF C) the movement from BD to CE D) the movement from CE to BF
External benefits are those that accrue:
A. directly to the decision maker of a market exchange. B. indirectly to the decision maker of a market exchange. C. without compensation to someone other than the person who caused it. D. to the government without its direct intervention.