An Individual Supply Curve for Recycling Services Harry's Supply Curve 1.5 0 1013:16 Recycled cans (100s of cans/day) 15 Chapter 6: Perfectly Competitive Supply Slide 11
MB MC Chapter 6: Perfectly Competitive Supply Slide 11 An Individual Supply Curve for Recycling Services Recycled cans (100s of cans/day) Deposit (cents/can) 0 6 10 13 16 6 3 2 1 1.5 15 Harry’s Supply Curve
The Market Supply Curve for Recycling Services Harry's Supply Curve Barry's Supply Curve 6 25=0 1.5 1.5 01316 0 6 1013:16 Recycled cans 15 Recycled cans (100s of cans/day) (100s of cans/day) Chapter 6: Perfectly Competitive Supply Slide 12
MB MC Chapter 6: Perfectly Competitive Supply Slide 12 The Market Supply Curve for Recycling Services Recycled cans (100s of cans/day) Recycled cans (100s of cans/day) Deposit (cents/can) + + Deposit (cents/can) 6 10 13 16 6 3 2 1 0 1.5 15 Harry’s Supply Curve 6 10 13 16 6 3 2 1 0 1.5 15 Barry’s Supply Curve
The Market Supply Curve for Recycling Services Market Supply Curve 6 Q 3 5 ● 0 12 202632 Recycled cans (100s of cans/day) Chapter 6: Perfectly Competitive Supply Slide 13
MB MC Chapter 6: Perfectly Competitive Supply Slide 13 Recycled cans (100s of cans/day) Deposit (cents/can) 12 20 26 32 6 3 2 1 0 1.5 30 = = The Market Supply Curve for Recycling Services Market Supply Curve
MB MC Thinking About Supply: The Importance of Opportunity Cost a What do you think? o Why is the supply curve upward sloping? Chapter 6: Perfectly Competitive Supply Slide 14
MB MC Chapter 6: Perfectly Competitive Supply Slide 14 Thinking About Supply: The Importance of Opportunity Cost ◼ What do you think? ⚫ Why is the supply curve upward sloping?
The Market Supply Curve with 1,000 Identical Sellers Market Supply Curve 望e 8 1.5 0 1013:16 Recycled cans (100,000s of cans/day) 15 Chapter 6: Perfectly Competitive Supply Slide 15
MB MC Chapter 6: Perfectly Competitive Supply Slide 15 The Market Supply Curve with 1,000 Identical Sellers Recycled cans (100,000s of cans/day) Deposit (cents/can) 6 10 13 16 6 3 2 1 0 1.5 15 Market Supply Curve