The Marginal Cost Curve Is

question 112

Multiple Choice

The marginal cost curve is

• A) downward sloping to reflect the bowed out PPF.
• B) downward sloping as marginal benefits increase.
• C) upward sloping because marginal cost falls as more of a good or service is produced.
• D) upward sloping to reflect the increasing opportunity cost of producing one more unit.
• E) U-shaped to reflect the bowed out PPF.

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Definitions:

Libido

In psychoanalytic theory, it represents the sexual energy or drive underlying human behavior.

Pancreas

An organ in the body involved in the regulation of blood sugar levels and digestion through the production of enzymes and hormones like insulin.

Primary-process Thought

A mode of thinking that is driven by the unconscious mind, where logic is not linear and reality is not strictly adhered to, often found in dreams and fantasies.

Secondary-process Thought

Mature thought processes needed to deal rationally with the external world.