question 11\nwhat does point a represent on this market supply curve?\na. if producers sell 750 tacos, they…

question 11\nwhat does point a represent on this market supply curve?\na. if producers sell 750 tacos, they will make a profit of $1.50 on each taco.\nb. at a price of $1.50, producers are willing and able to supply 750 tacos every week.\nc. producers are willing to sell 750 tacos at a time for a total price of $1.50.\nd. the cost to produce 750 tacos is $1.50.

question 11\nwhat does point a represent on this market supply curve?\na. if producers sell 750 tacos, they will make a profit of $1.50 on each taco.\nb. at a price of $1.50, producers are willing and able to supply 750 tacos every week.\nc. producers are willing to sell 750 tacos at a time for a total price of $1.50.\nd. the cost to produce 750 tacos is $1.50.

Answer

Brief Explanations:

A supply - curve shows the relationship between the price of a good and the quantity that producers are willing and able to supply. Point A on the market supply curve indicates the quantity of tacos (750) that producers are willing and able to supply at a particular price ($1.50). It does not represent profit, total price for all tacos, or production cost.

Answer:

B. At a price of $1.50, producers are willing and able to supply 750 tacos every week.