--%>
Assignment Help - homework help

What is Supply schedule

What is Supply schedule and how it is related to supply curve?

E

Expert

Verified

Supply schedule: The supply schedule is a table exhibiting the relationship among the price of a good and the quantity a producer is willing and capable to supply. The supply curve is the upward-sloping line associating price and quantity supplied. The supply schedule and the supply curve are associated since the supply curve is just a graph exhibiting the points in the supply schedule.

The supply curve slopes upward since if the price is high, supplier’s profits rise, therefore they supply maximum output to the market. The outcome is the law of supply—other things equivalent, whenever the price of good increases, the quantity supplied of the good too rises.

   Related Questions in Macroeconomics

  • Q : Economics Hello. I need help with my

    Hello. I need help with my assignment, I was sick and lost alot of time.My submission deadline is tomorrow i need your help i have attached the questions Thanks in advance

    		•
  • Q : How central bank reduce the

    Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b

    		•
  • Q : Diminishing prices raising total revenue

    Diminishing prices will raise total revenue from DVD game sales at each and every price: (1) On this demand curve. (2) Beneath $25. (3) Above $25. (4) Beneath $30.

    Q : About macroeconomics Do you think that

    Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?

    		•
  • Q : Why businessmen prefer current bank

    Describe why businessmen mostly wish to open current account in bank?

    		•
  • Q : Borrowings and recovery of loans

    Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.

    		•
  • Q : Changing value of multiplier ‘Over the

    ‘Over the precedent 30 years, and particularly as our entry into the EU, imports (and exports) as a proportion of GDP have increases considerably in the UK. What influence has this had on the value of multiplier in the UK?’

    		•
  • Q : Stock option price-Strike price-Put and

    What do you mean by the following terms: a stock option price, strike price and what are a put and a call?What is the merits or demerits of purchasing stock options over stocks? What function do Mutual Funds execute with Stock Market

    		•
  • Q : Decisions at the Margin The least

    The least apparent illustration of how decisions are generally ‘at the margin’ would be: (i) Purchasing an additional novel after learning that all paper-backs at Borders are on sale for 25 percent off. (ii) Tossing a 6-year old cousin to the deep end of t

    		•
  • Q : National income how to calculate

    how to calculate national income under value added method

    		•