-In the above figure, the curve labeled a is the _ curve and the curve labeled b is the
Curve.
A) marginal cost; trade line
B) production possibilities frontier; trade line
C) marginal cost; marginal benefit
D) marginal benefit; trade line

Question

-In the above figure, the curve labeled a is the _ curve and the curve labeled b is the
Curve.
A) marginal cost; trade line 
B) production possibilities frontier; trade line 
C) marginal cost; marginal benefit 
D) marginal benefit; trade line

Quizplus · Accepted Answer

The curve labeled 'a' is the marginal cost curve, which typically shows the cost of producing one more unit of a good. The curve labeled 'b' is the marginal benefit curve, which represents the additional benefit received from consuming one more unit of a good.

-In the Above Figure, the Curve Labeled a Is the _