Th e supply price of a capital asset is the cost of replacing the capital asset, which is under consideration, with an old one.  For every firm, the MEC schedule is a stair like curve where as the...

Th e supply price of a capital asset is the cost of replacing the capital asset, which is under consideration, with an old one.

 For every firm, the MEC schedule is a stair like curve where as the aggregate MEC schedule is a downward

sloping curve.