The benefit of a one-unit increase in an activity
A) decreases as you do more of it.
B) is always greater than the opportunity cost of that activity.
C) is measured by what you must give up.
D) is called marginal cost.
E) is called rational-choice benefit.
Correct Answer:
Verified
Q69: The value of the best thing that
Q70: Economists measure opportunity cost
A)as the sum of
Q71: If Jessie studies economics for two hours
Q72: Suppose you take a trip during the
Q73: You have chosen to take a trip
Q75: Suppose that,instead of taking this test,you could
Q76: A rational choice is one that
A)is made
Q77: The opportunity cost of a one-unit increase
Q78: What is NOT true about rational choice?
A)It
Q79: Mothers Against Drunk Drivers (MADD)campaigned to increase
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