A ________ curve shows the marginal cost of producing one more ...

[jparksx]

A ________ curve shows the marginal cost of producing one more unit of a good or service.
 
  A) marginal benefit B) production possibilities
  C) supply D) demand

Question 2

A ________ is a final good and ________ is an intermediate good.
 
  A. new car bought by a student; a used SUV bought by a dealer
  B. new textbook; used textbook
  C. new iPhone bought by a student; new computer bought by Wal-Mart
  D. tank of gasoline bought by you; jet fuel bought by Southwest Airlines

[shailee]

Answer to Question 1

C

Answer to Question 2

D The gasoline has been purchased by its ultimate user, so it is a final good; the jet fuel purchased by Southwest Airlines will be used to help produce an service, airline flights, so it is an intermediate good.

[jparksx]

Correct answers!

[shailee]

Great! Please up vote