Figure 1.8 suggests that
A)The law of increasing opportunity cost does not apply.
B)Resources can be perfectly adapted between study time and grade point average.
C)The relationship between study time and grade point average is first linear,then nonlinear.
D)The relationship between study time and grade point average is constant.

Question

Figure 1.8 suggests that
A)The law of increasing opportunity cost does not apply. 
B)Resources can be perfectly adapted between study time and grade point average. 
C)The relationship between study time and grade point average is first linear,then nonlinear. 
D)The relationship between study time and grade point average is constant.

Quizplus · Accepted Answer

Figure 1.8 shows a nonlinear relationship between study time and grade point average, indicating that the law of increasing opportunity cost does apply (i.e. as more study time is allocated, the opportunity cost of using it for another activity increases). Therefore, options A, B, and D can be eliminated.

Figure 1.8 Suggests That