The Marginal Cost of a Good or Service

question 208

Multiple Choice

The marginal cost of a good or service

• A) can be calculated from the marginal benefit of that good or service.
• B) decreases as more of the good or service is produced.
• C) can be derived from the production possibilities frontier.
• D) graphs as a positively sloped curve, so it cannot be derived from the production possibilities frontier, which is downward sloping.
• E) None of the above answers is correct.

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