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The Opportunity Cost of a Particular Activity

Question 19

Multiple Choice

The opportunity cost of a particular activity


A) Is always unknown with certainty.
B) Is a concept applicable to ecological economics, but not to the neoclassical approach.
C) Usually decreases as more of that activity is pursued.
D) Increases when more environmental resources need to used to substitute for the same
amount of other factors of production.
E) None of the above.

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