Marginal cost curves slope
A) upward because of decreasing opportunity cost.
B) downward because of increasing opportunity cost.
C) upward because of increasing opportunity cost.
D) downward because of decreasing opportunity cost.
Correct Answer:
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Q46: Q101: Q102: When the production possibilities frontier is bowed Q103: In one day, Sue can change the Q104: Capital accumulation definitely Q107: One of the opportunity costs of economic Q108: Marginal cost Q109: When a nation has a comparative advantage Q110: In goods markets _ and in factor Q114: The marginal benefit from a good is
A) shifts the production possibilities
A) decreases as marginal benefits decrease.
B)
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