Market supply is found by horizontally summing the relevant part of each individual producer's marginal cost curve.
- As a result, the firm's supply curve for the output is represented by the marginal cost curve (MC); as the price of the output rises, the firm is prepared to produce and sell a bigger quantity.
- The supply curve for the industry is created by combining the MC curves for each firm manufacturing the product.
- Producers find it increasingly lucrative to raise the quantity they offer for sale as prices rise as a result of rising demand for a commodity; as a result, the supply curve will slope upward from left to right.
Is market supply curve horizontal or vertical?
- On a graph, a market supply curve is depicted by the price of a good running vertically down one side and the quantity running horizontally down the other.
- Given that a supply curve typically slopes upward to the right.
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Answer:
C) Develop an Action Plan
Explanation:
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The employee should go ahead and call the retirees by explaining to them the features of the group plans selected by the employer.
<h3>What is marketing?</h3>
Marketing is an activity where a company promotes the sale of its goods either through advertisements or retail shopping.
The marketing of employer group plans means convincing retired employers for availing the group plans. This can be done by defining the benefits of taking the plan and inducing them to claim it in personal conversation through phone call mode.
Therefore, calling the selected retired persons would be the act done by the employees towards taking initiative for marketing of group plans given by the employer.
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Answer:
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Explanation:
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