-Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream. The figure above shows the marginal cost and marginal benefit curves for ice cream. A movement from point a to point b reflects

Question

Quizplus · Accepted Answer

Moving from point a to point b on a curve that represents the trade-off between producing ice cream and providing banking services illustrates the principle of increasing opportunity costs. As more ice cream is produced, resources (like labor) that could have been used to provide banking services are instead used to make ice cream, meaning the economy must give up some banking services to get more ice cream.

-Employees at Bank of America Are Good at Providing Banking