Author Question: The market supply curve can be derived by A) vertically adding the individual supplies at each ... (Read 48 times)

Frost2351 · **on:** Jun 29, 2018

The market supply curve can be derived by

A) vertically adding the individual supplies at each quantity level.
B) multiplying the price and quantity supplied at each price level.
C) horizontally adding the individual supplies at each price level.
D) looking at the capacity utilization in the largest firms in the industry.

Question 2

The production possibilities curve (PPC) illustrates economic growth by a(n)

A) bowed-out shape of the PPC.
B) outward shift of the PPC.
C) inward shift of the PPC.
D) movement along the PPC.