What Will Be the Shape of the Supply Curve and the Elasticity

question 18

Essay

What will be the shape of the supply curve and the elasticity of supply of a good,if the average cost of production increases with an increase in output? If after a point in time,the per-unit cost of production becomes constant how will the shape of the supply curve and the elasticity change?

---

Definitions:

Sorting Cards

A cognitive task that involves categorizing cards based on different attributes, such as color or shape, often used to measure executive function and cognitive flexibility.

Cultural Exposure

Cultural Exposure involves experiencing and being influenced by the customs, practices, and traditions of cultures different from one's own.

Mathematical Skill

The ability to perform calculations, understand mathematical concepts and theories, and solve mathematical problems.

Verbal Explanations

The process of making something clear or understandable through spoken or written language.