People who cannot find work during a recession often enroll in school. An economic explanation is that attending school during a recession has a
A) lower marginal benefit.
B) higher marginal opportunity cost.
C) marginal benefit equal to zero.
D) marginal benefit that is less than the marginal opportunity cost.
E) lower marginal opportunity cost.
Correct Answer:
Verified
Q1: To hire or purchase inputs, a business
Q2: The marginal cost of a supply choice
Q4: The additional opportunity cost of increasing quantity
Q5: Marginal cost increases as you increase quantity
Q6: The real cost of any input is
Q7: For supply decisions, marginal
A) cost is measured
Q8: Which statement is true?
A) For demand, marginal
Q9: The marginal benefit of a supply choice
Q10: Marginal opportunity cost
A) increases as you supply
Q11: The opportunity cost of hiring your lazy
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