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Scorpion4ik [409]
2 years ago
9

the supply curve slopes upward because at a higher price, producers have an incentive to produce more

Business
1 answer:
Yuri [45]2 years ago
6 0

The supply curve slopes upward because at a higher price, producers have an incentive to produce more and supply a larger quantity.

More about the supply curve:

The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.

The law of supply is expressed by the supply curve, which rises from left to right: The amount supplied rises as a certain commodity's price rises. A new supply curve must be created if a component other than price or quantity changes.

Learn more about the supply curve here:

brainly.com/question/14751175

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FrameIt manufactures picture frames. Below are costs from FrameIt’s June records. What is FrameIt’s total manufacturing overhead
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Answer:

FrameIt’s total manufacturing overhead costs in June is $33,350

Explanation:

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<u>Calculation of  Manufacturing overhead costs  are as follows :</u>

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Factory depreciation expense                                $8,000

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3 0
3 years ago
A sales representative calls on a prospective business customer only to find that the customer has an established relationship w
Svet_ta [14]
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3 years ago
Why do you think people persist in buying cash-value life insurance when, in most cases, they would be better off buying term in
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Answer and Explanation:

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4 years ago
A swimming suit originally priced at $89 is marked down to $52. Find the percent of markdown on the original price. Round to the
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Answer:

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8 0
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