Indicates the relationship between the quantity of thecommodity supplied and the unit price of the commodity
supply function can be defined as the quantity of a good.
Classical Aggregate Supply function is vertical whereas the Keynesian Aggregate Supply function is positively sloped.
Q=-200+50P inverse supply function
answer to this question can be found in any basic economic book.
In a monopoly, there is no traditional supply function as seen in competitive markets. A monopolist sets the quantity of output to maximize profit by equating marginal cost with marginal revenue, rather than responding to market supply and demand. The monopolist determines the price based on the demand curve for its product, which means the relationship between quantity supplied and price is not direct or linear, making the concept of a supply function less applicable.
supply function can be defined as the quantity of a good.
The main function of carbs is to supply energy to the body.
Its function is to supply electrical power via a plug that is plugged into it to supply an appliance.
Classical Aggregate Supply function is vertical whereas the Keynesian Aggregate Supply function is positively sloped.
supply oxygen
Q=-200+50P inverse supply function
The PC power supply box's function is to supply the computer with power. Without the PC power supply box, the computer would not be able to turn on and off.
supply oxygen to all organs
supply a noun to function as the subject. or supply a verb to function as the predicate.
The function of the power supply is to convert wall current to the correct current for the computer and distribute power to all the internal computer components.
Its function - is to supply half the genetic material necessary to create a new life.
to supply musles etc with blood