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

Question

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

Quizplus · Accepted Answer

The curve labeled 'a' is the marginal cost curve, and the curve labeled 'b' is the marginal benefit curve. This is a common representation in economics where the marginal cost curve typically slopes upwards, and the marginal benefit curve slopes downwards.

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