This graph shows the marginal costs and marginal benefits associated with roadside litter clean up.Assume that the marginal cost and marginal benefit curves slope in the usual directions.
Refer to the information given above.The marginal cost of removing litter _______ due to the principle of ____________.
A)decreases;gains from specialization
B)increases;the Coase Theorem
C)increases;low-hanging fruit
D)decreases;diminishing returns to inputs

Question

This graph shows the marginal costs and marginal benefits associated with roadside litter clean up.Assume that the marginal cost and marginal benefit curves slope in the usual directions. 
Refer to the information given above.The marginal cost of removing litter _______ due to the principle of ____________.
A)decreases;gains from specialization 
B)increases;the Coase Theorem 
C)increases;low-hanging fruit 
D)decreases;diminishing returns to inputs

Quizplus · Accepted Answer

The additional cost of an activity is given by the upward sloping supply curve,caused by increasing opportunity costs.

This Graph Shows the Marginal Costs and Marginal Benefits Associated