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

Question

Quizplus · Accepted Answer

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

If There Is No Scarcity