A Marginal Cost Curve That Is

question 52

Multiple Choice

A marginal cost curve that is

• A)a horizontal line is derived from a PPF that has a bowed-out shape.
• B)upward sloping is derived from a PPF that has a constant slope.
• C)vertical is derived from a PPF that has a bowed-out shape.
• D)downward sloping is derived from a PPF that has a bowed-out shape.
• E)a horizontal line is derived from a PPF that has a constant slope.

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Definitions:

YEAR Function

A computing or spreadsheet function that extracts the year part from a date representation.

DATEVALUE

A function in spreadsheet programs that converts a date in the form of text to a serial number representing the date.

TODAY Function

A function in many spreadsheet programs that returns the current date, updating each time the document is opened or recalculated.

Data Tables

Structures in software and databases designed to organize, store, and manage data in rows and columns for easy retrieval and analysis.