For each additional lamp produced,a constant opportunity cost is incurred in terms of bookshelves.This means that
A) it takes more resources to produce a lamp than a bookshelf.
B) it takes fewer resources to produce a lamp than a bookshelf.
C) for every lamp produced,a constant number of bookshelves is forfeited.
D) for every lamp produced,a different number of bookshelves is forfeited.

Question

Quizplus · Accepted Answer

The statement "for each additional lamp produced, a constant opportunity cost is incurred in terms of bookshelves" means that for every lamp produced, a constant number of bookshelves must be given up. Therefore, choice C is the best answer.

For Each Additional Lamp Produced,a Constant Opportunity Cost Is Incurred