The minimum is price=average cost
below this price supply=0
Each point on a market supply curve denotes basically the same thing. Each point on the curve corresponds to the supply of something, but at a specific or given price.
your mum:D:D:D:D:D hahahahaha
What is shown by a supply curve, is the marginal cost of the company that you are considering, from the point it crosses the average costs function.
The average cost curve is at its lowest point when a firm achieves optimal production efficiency, where the average total cost (ATC) per unit of output is minimized. This point typically corresponds to the scale of production where the marginal cost (MC) equals the average cost (AC). At this juncture, the firm is effectively utilizing its resources, and any increase or decrease in production would result in higher average costs. This concept is crucial for firms in determining the most efficient scale of operation.
Marginal Cost will keep increasing (have upward slope) because of the principle of diminishing marginal returns. The MC curve above the its intersection with AVC is the Supply Curve *because below minimum AVC, the firms stops production)
A parabola is NOT a point, it is the whole curve.
The lowest point of a curve is called the "minimum." In mathematical terms, it represents the point where the function reaches its lowest value in a given interval. If the curve is part of a larger function, this minimum can be classified as a local minimum (lowest point in a small neighborhood) or a global minimum (lowest point across the entire function).
Lines are infinite and so do not have a highest or lowest point. You need to have a curve to have a possible lowest point.
Each point on a market supply curve denotes basically the same thing. Each point on the curve corresponds to the supply of something, but at a specific or given price.
your mum:D:D:D:D:D hahahahaha
Highest point reached by a curve. Minima is lowest.
The bottom-most point of a curve is called a "local minimum" or "global minimum," depending on whether it is the lowest point in a specific region or the lowest point overall in the entire curve. At this point, the curve changes direction, typically transitioning from decreasing to increasing. In mathematical terms, it occurs where the derivative of the function is zero, and the second derivative is positive.
What is shown by a supply curve, is the marginal cost of the company that you are considering, from the point it crosses the average costs function.
A supply curve GRad point samahi cano
The average cost curve is at its lowest point when a firm achieves optimal production efficiency, where the average total cost (ATC) per unit of output is minimized. This point typically corresponds to the scale of production where the marginal cost (MC) equals the average cost (AC). At this juncture, the firm is effectively utilizing its resources, and any increase or decrease in production would result in higher average costs. This concept is crucial for firms in determining the most efficient scale of operation.
Marginal Cost will keep increasing (have upward slope) because of the principle of diminishing marginal returns. The MC curve above the its intersection with AVC is the Supply Curve *because below minimum AVC, the firms stops production)
Quantity supplied