Refer to the figure below. The growth of access to the Internet will cause the marginal:
A)benefit curve to shift from MB₂ to MB₁.
B)benefit curve to shift from MB₁ to MB₂.
C)cost curve to shift from MC₂ to MC₁.
D)cost curve to shift from MC₁ to MC₂.

Question

Refer to the figure below. The growth of access to the Internet will cause the marginal: 
A)benefit curve to shift from MB₂ to MB₁. 
B)benefit curve to shift from MB₁ to MB₂. 
C)cost curve to shift from MC₂ to MC₁. 
D)cost curve to shift from MC₁ to MC₂.

Quizplus · Accepted Answer

Inasmuch as information is now less costly to acquire due to the greater access to the Internet, the MC will shift down and to the right.

Refer to the Figure Below