If there is no scarcity,
A)the opportunity cost of an action would be greater than its sunk cost.
B)marginal cost of an action is greater than its marginal benefit.
C)an action would have zero opportunity cost.
D)all marginal benefits would equal zero.
E)choices are no longer rational.

Question

Quizplus · Accepted Answer

If there is no scarcity, resources are unlimited, meaning that choosing one action does not require giving up another, resulting in zero opportunity cost.

If There Is No Scarcity