Your math professor has assigned 20 homework problems that are due next week.After working for an hour,you notice you have completed 4 problems.After another hour,you have completed 3 more problems.During the third hour,you finish 2 problems.What economic principle best explains this?
A) The equilibrium principle: the supply of problems is greater than your demand for problems.
B) The increasing opportunity cost principle: you completed the easiest problems first.
C) The cost-benefit principle: the benefit of working an additional problem is less than the cost.
D) The principle of comparative advantage: you are better at English than at math.
Correct Answer:
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