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Homework answers / question archive / Which of the following is a correct description of the supply curve? i
Which of the following is a correct description of the supply curve?
i. The supply curve is also the marginal cost curve.
ii. The supply curve shows the dollars' worth of other goods that we must sacrifice to produce another unit of a good.
iii. The curve shows the additional cost of producing another of a good.
A. ii and iii
B. i, ii, and iii
C. ii only
D. i and ii
E. i only
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