The marginal benefit of a good is the benefit from the consumption of the good.
ID: 1101760 • Letter: T
Question
The marginal benefit of a good is the benefit from the consumption of the good. the consumer of the good. an increase in the consumption of die good. the good above what it cost. a good which you didn't have to pay for. marginal benefit does not change as more of a good is consumed. decreases as more of a good is consumed. decreases as more of a good is produced. is the opportunity cost of producing one more Microsoft's marginal cost of the 100th copy of Microsoft Windows 7 is A the minimum amount that someone is willing to pay for the 100th copy of Windows 7. described by a downward - hyphen the minimum amount that someone is willing to pay for 100 copies of Windows 7. calculated as the slope of the at the point where the 100th copy of Windows 7 is produced Mario s produces pizza and pasta and faces increasing opportunity cost. Draw a production possibilities frontier for Mario's Label the curve The production possibilities frontier is the boundary between those combinations of goods and services that can be and those that . produced: cannot be produced consumed; cannot be consumed purchased, can be consumed produced; can be consumedExplanation / Answer
1)B
2)A
3)D
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