Which of the following characteristics leads to an upward-sloping supply curve?

1. Increasing opportunity costs

2. Increasing marginal costs

3. Diminishing marginal utility

4. A decrease in factor prices

5. An increase in factor prices

6. Increasing labor productivity

Question

Newman

26 December, 11:07

+2

Answers (1)

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David Sexton · Answer 1

Answer and Explanation:

1. Increasing opportunity costs

2. Increasing marginal costs

Which of the following characteristics leads to an upward-sloping supply curve?1. Increasing opportunity costs2. Increasing marginal costs3. Diminishing marginal utility4. A decrease in factor prices5. An increase in factor prices6. Increasing labor productivity