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

Question

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

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 _______