Daffodil International University

Faculties and Departments => Business and Economics => Topic started by: Md. Alamgir Hossan on April 03, 2017, 05:08:59 PM

Title: Supply Schedule:
Post by: Md. Alamgir Hossan on April 03, 2017, 05:08:59 PM
A supply schedule is a chart or table that tells how many "units" of something producers will make based on the current market price of a unit. "Units" is how economists refer to whatever good or service a business actually produces lawn mowers, loaves of bread, haircuts, singing telegrams, for example. A simple supply schedule typically has two columns price and output. For each possible market price, there's a specific number of units that producers can be expected to make or in the case of a service like a haircut, make available by having barbers at the shop, scissors in hand.