An enterprise’s ‘supply’ is the amount that it picks to sell at a provided cost price, provided technology and provided the cost prices of components of production. A table elucidating the amounts sold by an enterprise at various cost prices, technology and prices of components remaining constant, is known as supply schedule.
We can also depict the data as a graph, called a supply curve. The supply curve of an enterprise exhibits the degrees of output that the enterprise picks to manufacture corresponding to distinct values of the market cost price, once again maintaining technology and prices of components of production constant. Supply Curve Of A Firm is distinguished between the :
This is detailed and elucidated information about the concept Supply Curve Of A Firm. To learn more, stay tuned to BYJU’S.