Each Point on a Supply Curve Shows the _ _

question 89

Multiple Choice

Each point on a supply curve shows the _ _ acceptable price to firms for selling that unit; this price reflects to firms from producing that unit.

• A) maximum; the additional value
• B) maximum; the additional cost
• C) minimum; the equilibrium price
• D) minimum; the additional value
• E) minimum; the additional cost

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Definitions:

Exerting Power

The act of implementing or applying force, authority, or influence over others to achieve a desired outcome.

Union Membership

The state of belonging to a labor union, which is an organization that represents the collective interests of workers in negotiations with employers regarding wages, working conditions, and benefits.

Strikes

A work stoppage caused by the mass refusal of employees to work, usually to protest employer policies, working conditions, or compensation.

Industrial Union

A union representing all the workers in a single industry, regardless of each worker’s skill or craft.