Use the Following to Answer Question(s): Supply and Marginal Factor

question 114

Multiple Choice

Use the following to answer question(s) : Supply and Marginal Factor Cost

-(Exhibit: Supply and Marginal Factor Cost) If the MFC curve and the supply curve derived from this exhibit are plotted on a graph, the _______ curve would lie _______ the ________ curve because _______ must be paid to hire an additional factor.

• A) supply; above; MFC; more
• B) MFC; above; supply; more
• C) MFC; below; supply; less
• D) supply; below; MFC; less

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Definitions:

Comparison

The act of evaluating two or more items to determine their similarities and differences.

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