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.

---

Definitions:

Work of Art

An artifact or performance that has been created with artistic intent, often appreciated for its beauty or emotional power.

Sanskrit

An ancient Indic language of India, in which the Hindu scriptures and classical Indian epic poems are written and from which many northern Indian languages are derived.

Nirvana

In Buddhism, the ideal state of peacefulness. Literally, the term means “extinction” and refers to the elimination of suffering through the elimination of selfish craving.

Presupposes

Refers to something assumed or taken for granted in advance as a basis for argument or discussion.