Question
A supply curve does all of the following, except:
Answer
Uses the ceteris paribus assumption.
Holds constant time, place, income, costs of inputs, costs of substitutes, and suppliers' expectations about future prices.
Shows the quantity producers are willing and able to supply at each price.
Shows consumers' marginal benefit for each unit produced.
Shows the opportunity cost to consumers over various quantities.
Answer
Uses the ceteris paribus assumption.
Holds constant time, place, income, costs of inputs, costs of substitutes, and suppliers' expectations about future prices.
Shows the quantity producers are willing and able to supply at each price.
Shows consumers' marginal benefit for each unit produced.
Shows the opportunity cost to consumers over various quantities.
Answers
Cindy
shows consumer's marginal benefit for each unit produced