Question

As a producer, you are willing to supply the most goods at the highest price. This is because the highest price earns you the _____.

Answer 1

the highest price earns you the most profit 

Answer 2

The correct answer is: "the maximum profit".

A supply function represents the quantity of a certain good or service that producers are willing to supply at different prices level. The law of supply states that there is a direct relationship between price and quantity supplied (ceteris paribus).

Higher market prices would encourage producers to manufacture and sell a larger total output, attempting to maximize their profits.