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Author Question: A ________ curve shows the marginal cost of producing one more unit of a good or service. A) ... (Read 118 times)

jparksx

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on: Jun 29, 2018
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
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shailee

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Reply #1 on: Jun 29, 2018
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.


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jparksx

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Reply #2 on: Jun 29, 2018
Correct answers!


shailee

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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