Use the figure below to answer the following questions. Figure 2.2.1
-In Figure 2.2.1,the curve labelled A is the ________ curve and the curve labelled B is the ________ curve.
A)marginal cost;marginal benefit
B)marginal cost;trade
C)marginal benefit;trade
D)production possibilities;trade
E)marginal benefit;marginal cost

Question

Use the figure below to answer the following questions.  Figure 2.2.1
-In Figure 2.2.1,the curve labelled A is the ________ curve and the curve labelled B is the ________ curve.
A)marginal cost;marginal benefit 
B)marginal cost;trade 
C)marginal benefit;trade 
D)production possibilities;trade 
E)marginal benefit;marginal cost

Quizplus · Accepted Answer

In economic graphs, the curve labeled A typically represents the marginal cost curve, which shows the increase in total cost that arises from producing one more unit of a good or service. The curve labeled B represents the marginal benefit curve, which illustrates the additional benefit received from consuming one more unit of a good or service. This setup is common in analyses of optimal production and consumption levels.

Use the Figure Below to Answer the Following Questions