a. Explain the typical shapes of the marginal-benefit and marginal-cost curves. The marginal-benefit curve is upward sloping. The marginal-cost curve is (Click to select) sloping. b. With these curves, the optimal allocation of resources to a particular product will occur when (Click to select) . c. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product

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