The Supply Curve is the Marginal Cost Curve
Ever wondered what is the basis of the supply curve? Well, the answer is the supply curve is the marginal cost curve. In other words, the marginal cost of individual firms (or the horizontal sum of all market participants' marginal cost curves) is the supply curve. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
Видео The Supply Curve is the Marginal Cost Curve канала Econbusters
Видео The Supply Curve is the Marginal Cost Curve канала Econbusters
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