Question

The determinants of supply are:

1) i. factors other than price that affect the quantity of a good or service a firm is willing and able to produce
2) ii. factors that affect a firm's minimum willingness-to-accept (WTA) to produce various quantities of a good
3) iii. factors that affect a firm's maximum willingness-to-accept (WTA) to produce various quantities of a good

Answer 1

The determinants of supply are factors that affect the cost of production and determine how much a firm is willing to supply at any given price.

Step-by-step explanation:

The subject of this question is Social Studies.

Changes in the cost of inputs, natural disasters, new technologies, and the impact of government decisions all affect the cost of production. These factors are known as the determinants of supply, as they determine how much a firm is willing to supply at any given price. For example, if the cost of inputs increases, it may become less profitable for a firm to produce a good, leading to a decrease in supply. On the other hand, if new technologies are introduced that make production more efficient, it may increase a firm's willingness to supply more of a good.