The Data Points on a Supply Curve Come from

question 28

Multiple Choice

The data points on a supply curve come from

• A) survey analysis.
• B) the same place from which we get the data points on a demand curve.
• C) the supply schedule.
• D) companies' annual reports.

---

Definitions:

Marginal Revenue

The additional revenue generated from selling one more unit of a good or service.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.

Externality

Actions of one party impose costs or benefits on a second party.

Economy of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in decreased per-unit cost as production increases.