When two projects both require the total use of the same limited economic resource, the projects are generally considered to be:
A) Independent.
B) Marginally profitable.
C) Mutually exclusive.
D) Acceptable.
E) Internally profitable.

Question

Quizplus · Accepted Answer

When two projects require the total use of the same limited economic resource, they are mutually exclusive because choosing one project means the other cannot be undertaken due to the resource constraint.

When Two Projects Both Require the Total Use of the Same