The law of increasing additional cost is due to
A) scarcity.
B) inefficient use of technology.
C) the fact that resources are not perfectly adaptable for alternative uses.
D) the fact that there are always alternatives and it is costly to figure out which alternative is best.
Correct Answer:
Verified
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Q243: Refer to the above figure. We are
Q246: The reason the production possibilities curve is
Q247: Refer to the above figure. Between points
Q248: A point on a production possibilities curve
Q253: An efficient point of production is
A) a
Q255: All mutually beneficial trades have taken place.
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