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The Marginal Cost of a Good or Service

Question 208

Multiple Choice

The marginal cost of a good or service


A) can be calculated from the marginal benefit of that good or service.
B) decreases as more of the good or service is produced.
C) can be derived from the production possibilities frontier.
D) graphs as a positively sloped curve, so it cannot be derived from the production possibilities frontier, which is downward sloping.
E) None of the above answers is correct.

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