(2) The supply curve shows the minimum price that firms must be offered to supply a given...

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(2) The supply curve shows the minimum price that firms must be offered to supply a given quantity. The minimum supply price equals marginal cost, which for the 10,000th pizza is $10. The supply curve is also the marginal cost curve MC.

Watch Supply, Minimum Supply Price, and Marginal Cost Producer Surplus

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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