ooo ATT 317 AM 39 Question Supply curves Which model has a

..ooo AT&T; 3:17 AM 39% - Question Supply curves Which model has a world relative supply curve that looks like a step function? Multiple Choice A Gravity model B Ricardian model C Specific factors model Unanswered

Solution

The correct choice is B : - Ricardian model

Explanation : - In the Ricardian model, the market - supply curve is a step function, with each step corresponding to a particular agent\'s opportunity cost of producing good.