Marginal opportunity cost refers to the:
A) amount of one good or service that must be given up to obtain one additional unit of another good or service.
B) temporary unemployment created in an economy when resources are transferred from one industry to another.
C) additional input cost borne by producers to increase production.
D) economies of scope realized by firms through efficient allocation of resources.
E) economies of scale experienced by firms post specialization.
Correct Answer:
Verified
Q28: Given below is the production possibilities schedule
Q28: The figure given below represents the production
Q30: Given below is the production possibilities schedule
Q31: A point outside the production possibilities curve
Q32: The figure given below represents the production
Q33: If society begins by producing 3 units
Q35: The figure given below represents an economy
Q38: Following is the production possibilities schedule for
Q39: The figure given below represents an economy
Q40: The figure given below represents the production
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents