A Marginal Cost Curve That Is

question 55

Multiple Choice

A marginal cost curve that is

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

---

Definitions:

Usury Laws

Regulations that impose a maximum interest rate that can be charged on loans to prevent excessive and unfair interest rates.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the income earned on deposited funds.

Rent

A periodic payment made by a tenant to a landlord for the use of land, premises, or other property.

Surplus

An excess of income or assets over expenditure in a given period, often referring to a government's budget.