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

Question

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

Quizplus · Accepted Answer

The marginal cost curve shows the change in total cost that results from producing one additional unit of output. The marginal benefit curve shows the change in total benefit that results from consuming one additional unit of output.

-In the Above Figure, the Curve Labelled a Is the ________