Option 4. Resources are not equally productive for activities.
Explanation: When the production of one good increases, the opportunity cost of every additional unit keeps increasing. This happens because resources more suitable for other goods are being used for the production of the current good.
uateu! Jan 29 at 10:09pm Quiz Instructions Read each question or statement carefully and be sure...
Started: Jan 29 at 10:09pm Quiz Instructions Read each question or statement carefully and be sure to read all responses before selecting your answer. Be s answer. Remember that this quiz is an individual effort and that you may not discuss the content of this quiz wit instructor. Quizzes will be available for review for three days after the deadline. D | Question 10 The principle of decreasing marginal benefit means that as the quantity of a good consumed ons...
Read each question or statement carefully and be sure to read all responses before selecting yo answer. Remember that this quiz is an individual effort and that you may not discuss the conten instructor. Quizzes will be available for review for three days after the deadline. DQuestion 8 es Marginal cost is the one more unit of a good and of the good increases. tions O price that ust be paid to consume: decreases as consumption O opportunity cost of...
Read each question or statement carefully and be sure to read all responses before selecting yo answer. Remember that this quiz is an individual effort and that you may not discuss the conten instructor. Quizzes will be available for review for three days after the deadline. DQuestion 8 es Marginal cost is the one more unit of a good and of the good increases. tions O price that ust be paid to consume: decreases as consumption O opportunity cost of...
Read each question or statement carefully and be sure to read all responses before selecting your answer. answer. Remember that this quiz is an individual effort and that you may not discuss the content of this qu instructor. Quizzes will be available for review for three days after the deadline. DI Question 16 Marginal Cost O increases as more is produced. O decreases as more is produced. O decreases as marginal benefits decrease. O remains constant as more is produced
B (Short Responses)-INSTRUCTIONS; Read each question carefully and provide an appropriate short sponse answer/interpretation. ALL CALCULATIONS must be shown in order to receive full credit. 1. Miracle Shield Auto Finish is a substitute for commercial car wax and it protects and maintains the shine of a car's finish at least 2 times longer than regular car wax and it takes 2 hours to apply. Regular wax costs about $6.00 per container and takes 1 hour to apply. Commercial car detailers...