Respuesta :
Answer:
b. principle of diminishing marginal productivity
Explanation:
c) The relationship for the supply curve between price and quantity is directly related. Suppliers are more willing to produce at higher prices.
d) substitution effect will generate shift in the supply curve as other products chane their price not the slope.
a) specialization will increase efficiency has no relationshp with prices.
b) as each unit added generates a lower amount of retunr (ceteris paribus) The price must go up to represent the marginal cost
The upward slope of the supply curve is used to reflect diminishing marginal production
What is a supply curve
This is a curve that shows the amount of a product that producers are willing to produce and make available in the market at a given rate.
When the curve is sloping upwards what it is showing is a diminishing marginal productivity.
Read more on the supply curve here:
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