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mention two determinants of a firm's supply curve
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mention two determinants of a firm's supply curve Related: Frequently...
Determinants of a Firm's Supply Curve:

The supply curve of a firm is a graphical representation of the relationship between the price of a good or service and the quantity that the firm is willing and able to produce and sell. There are several determinants of a firm's supply curve, but two important ones are:

1. Production Costs:
The production costs of a firm are one of the most important determinants of its supply curve. The production costs include the cost of raw materials, labor, rent, and other expenses that are necessary to produce the good or service. If the production costs of a firm increase, its supply curve will shift to the left, indicating that it will produce and sell less at every price level. On the other hand, if the production costs decrease, the supply curve will shift to the right, indicating that the firm will produce and sell more at every price level.

2. Technology:
The technology used by a firm to produce a good or service is another determinant of its supply curve. Technological advancements can help firms produce goods or services more efficiently, thus reducing the production costs and increasing the firm's profits. If a firm adopts new technology, its supply curve will shift to the right, indicating that it will produce and sell more at every price level. Conversely, if a firm fails to adopt new technology, its supply curve will shift to the left, indicating that it will produce and sell less at every price level.

Conclusion:
In conclusion, the supply curve of a firm is affected by a variety of factors, including production costs and technology. These determinants have a significant impact on the quantity of goods or services that a firm is willing and able to produce and sell at different price levels.
Community Answer
mention two determinants of a firm's supply curve Related: Frequently...
Price of the commodity
The most important factor that determines supply of a commodity is its price. There is a direct or positive relationship between price and quantity supplied. When price of a commodity increases its quantity supplied also rises and vice versa.
Unit tax
A unit tax is a tax that the government imposes per unit scale of a commodity. When unit tax is increased MC increases and the supply curve shifts to the left and vice versa
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mention two determinants of a firm's supply curve Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics
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