discuss how market supply is determined, he most important description of a firm is its short...

60.1K

Verified Solution

Question

Economics

discuss how market supply is determined, he most importantdescription of a firm is its short run cost structure. Discuss thecomponents that make up that structure and the relationshipsbetween them?

Answer & Explanation Solved by verified expert
4.1 Ratings (732 Votes)
Market supply curve is anupward sloping curve which shows the relationship between marketsupply and price As the price increases supply increasesA firm has two costs    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students