Increasing Costs-Opportunity costs
Since clothing output expands from 0 to 100, then the opportunity cost per unit of extra clothing: (i) Increases. (ii) is zero. (iii) Drops. (iv) Is constant. Can someone please help me in finding out the accurate answer from the above options.
Since clothing output expands from 0 to 100, then the opportunity cost per unit of extra clothing: (i) Increases. (ii) is zero. (iii) Drops. (iv) Is constant.
Can someone please help me in finding out the accurate answer from the above options.
The government decision makers in all societies can most simply and safely avoid: (i) Questions regarding "what, how, and for whom?" (ii) Free goods. (iii) The effects of scarcity. (iv) Issues of the income distribution. (v) Economic inefficiency. Q : ECONOMETRICS PROBLEM MORE EXAMPLE OF MORE EXAMPLE OF THE ABOVE TITLE AND SOLUTION OF D/T WORK OUT .HELP ME PLEACE!!
MORE EXAMPLE OF THE ABOVE TITLE AND SOLUTION OF D/T WORK OUT .HELP ME PLEACE!!
“Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use the term “supply” cor
Shortly prior to the onset of World War II, the U.S. economy: (1) Operated on the edge of its production possibilities frontier. (2) Was slothfully recovering from huge unemployment. (3) Expanded fast to accommodate the electrification and jet flight.
The economy is allocatively resourceful when the: (1) Economy is mainly based on pure socialism. (2) Growth rate is maximized since investment surpasses consumption. (3) Output mix is on production possibilities frontier and imitates what people deman
Whenever the law of diminishing returns applies to the production processes, then the associated production possibilities frontier should: (1) Produce reducing costs as output grows. (2) Bow in (that is, be convex) from the origin. (3) Be a rectangular hyperbola. (4)
discuss everyday forms of peasant resistance in mughal india
Distributing all the goods strictly according to people's requirements is likely to outcome in: (i) the requirements of decision makers receiving much high priority. (ii) Low levels of output since people contain few incentives to generate. (iii) A fe
The ‘law of rising costs’ as it applies to the production possibilities frontiers is best demonstrated by: (i) Various suitability of the resources for alternative kinds of production. (ii) Inverse relationships among the price and quantit
The main mechanism employed in United States to confront the problem of scarcity is: (1) The market system, that relies on prices to the direct production. (2) The mixture of brute force and tradition. (3) Arbitrary selection, however queuing as well
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