Increasing marginal opportunity cost implies that
A) the more resources already devoted to any activity,the payoff from allocating yet more resources to that activity increases by progressively smaller amounts.
B) the more resources already devoted to any activity,the benefits from allocating yet more resources to that activity decreases by progressively larger amounts.
C) that rising opportunity costs makes it inefficient to produce beyond a certain quantity.
D) the law of scarcity.
Correct Answer:
Verified
Q29: Figure 2-2 Q30: An outward shift of a nation's production Q31: _ a nation's production possibilities frontier represents Q32: Figure 2-3 Q33: A production possibilities frontier with a _ Q35: Without technological advancement,how can a nation achieve Q36: Table 2-1 Q37: Table 2-1 Q38: Economic growth is represented on a production Q39: Figure 2-2 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![]()
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Production Choices for Dina's Diner
Production Choices for Dina's Diner
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