--%>

Problem on Increasing Costs

Can someone help me in finding out the right answer from the given options. Since the output of food raises from zero to 40 in this completely employed economy, the opportunity cost of additional food: (1) Increases. (2) Is zero. (3) Drops. (4) Is constant.

   Related Questions in Econometrics

  • Q : Law of comparative advantage Can

    Can someone please help me in determining the right answer from the following question. The law of comparative benefit exhibits: (a) Why trade with a country in which salaries are low is not fair. (b) How countries try to use each other via trade. (c)

  • Q : Discuss everyday forms of peasant

    discuss everyday forms of peasant resistance in mughal india

  • Q : Substantial unemployed capacity Lyndon

    Lyndon Johnson's assurances in the year 1964 that the U.S. could fight the Vietnam War devoid of decreasing civilian living standards or government social programs would be valid merely when our economy began from the position: (1) Of complete employment. (2) With sub

  • Q : Maximum output in absence of

    In the nonattendance of diminishing returns, the maximum output of food from the flower pot (or land) and limitless amounts of other resources would be sufficient to feed: (1) The grasshopper. (2) One skinny family. (3) One mouse. (4) All of the world.

    Q : Distribution In the quintile

    In the quintile distribution of income, the term "quintile" represents?

  • Q : Production Possibilities Frontiers as

    I have a problem in economics on Production Possibilities Frontiers as tools. Please help me in the following question. Production possibilities frontiers are much least useful as tools to exemplify: (i) Scarcity. (ii) Opportunity costs. (iii) Feasibl

  • Q : Diminishing Returns-Bow out Whenever

    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)

  • Q : Circular Flows-Combine resources The

    The structure of a circular flow model prevents the possibility that corporations eventually: (1) Generate goods. (2) Produce revenue by selling the products. (3) Combine the resources inefficiently. (4) Bear the load of lost purchasing power from tax

  • Q : Allocative Mechanisms-Markets Can

    Can someone help me in finding out the accurate answer from the given options. Production which is most compatible with the consumer tastes and preferences is more probable whenever allocation is decided by: (1) Queuing. (2) Majority voting. (3) Indiv

  • Q : Allocative Mechanisms-The Market System

    I have a problem in economics on Allocative Mechanisms. Please help me in the following question. The market system is an illustration of a/an: (1) Allocative mechanism. (2) Social organization. (3) Political system. (4) Exploitation device.