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.

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Definitions:

Crafty

Exhibiting cleverness or ingenuity, especially in deceiving others.

Fairness

A principle concerning equitable and impartial treatment or behavior without favoritism or discrimination.

Honesty

The quality of being fair, truthful, and free from deceit in one's actions and communications.

Business

The practice of making one's living by engaging in commerce.