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Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
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What is a change in the schedule and a shift of the curve?
Change in supply.
What is change in supply?
It is a change in the schedule and a shift of the curve.
How are sellers costs producer surplus and supply curve related?
Sellers cost, producers surplus, and the supply curve are related?
What are supply schedule and supply curve and how are they related?
A supply curve is simply how the supply of goods get affected as Prices change. Clearly a producer of goods will tend to sell more if he gets higher prices per unit hence a positive upward sloping curve in a Price vs Quantity framework. The supply schedule is a little more advanced it generally relates to the macro section of economics where under aggregate demand and aggregate supply we refer supply schedule, ex: Price v/s GDP i.e the macro-economic output at various price levels. It has its SR and LR versions.
What is the difference between a supply curve and a supply schedule?
The supply schedule just gives you the information of the Supply curve in a box, with the respective supply and its price producers want to sell their good. Remenber, This is for the supply only - dont mix them up with the supply and demand charts. The more the producer supplies the market ---> the more they want to sell their goods for. That is why it is sloped upwards. Anyways the Supply curve is just the chart or whole drawing of the supply side.
What is change in supply?
It is a change in the schedule and a shift of the curve.
What is a change in the schedule and a shift of the curve?
Change in supply.
How are sellers costs producer surplus and supply curve related?
Sellers cost, producers surplus, and the supply curve are related?
What are supply schedule and supply curve and how are they related?
A supply curve is simply how the supply of goods get affected as Prices change. Clearly a producer of goods will tend to sell more if he gets higher prices per unit hence a positive upward sloping curve in a Price vs Quantity framework. The supply schedule is a little more advanced it generally relates to the macro section of economics where under aggregate demand and aggregate supply we refer supply schedule, ex: Price v/s GDP i.e the macro-economic output at various price levels. It has its SR and LR versions.
What does a graph of the data points in the supply schedule creates?
A supply curve GRad point samahi cano
What is the difference between a supply curve and a supply schedule?
The supply schedule just gives you the information of the Supply curve in a box, with the respective supply and its price producers want to sell their good. Remenber, This is for the supply only - dont mix them up with the supply and demand charts. The more the producer supplies the market ---> the more they want to sell their goods for. That is why it is sloped upwards. Anyways the Supply curve is just the chart or whole drawing of the supply side.
What is a graphical depiction of the supply schedule that illustrates that relationship between the price of a good and the quantity supplied?
Supply curve
Define supply curve?
It is a graphical depiction of the supply schedule that illustrates that relationship between the price of a good and the quantity supplied.
Supply schedule or a supply curve is an amount producers are willing and able to sell at a given price. True or False?
True
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
How is a perfectly competitive firms marginal cost curve related to its supply curve?
a perfectly competitive firms supply curve will be the portion of the marginal cost curve which lies above the average variable cost curve (AVC)..this will be due to the firms unwillingness to supply below the price in which they could cover their variable costs
How is a market supply curve similar to and different from an individual supply curve?
how is a market supply curve similar to and diffrent from an individual supply curve
