Increasing marginal opportunity cost implies that
A) that rising opportunity costs makes it inefficient to produce beyond a certain quantity.
B) the law of scarcity.
C) the more resources already devoted to any activity, the benefits from allocating yet more resources to that activity decreases by progressively larger amounts.
D) the more resources already devoted to any activity, the payoff from allocating yet more resources to that activity increases by progressively smaller amounts.
Question 2
The sum of public and private saving in an economy is equal to
A) T - TR - G. B) I - C - G. C) Y - C - T. D) Y - C - G.
Energy costs of locomotion.
Increasing Costs of Natural Disasters
Should We Prolong Life at all Costs?
Typical Startup Cost Categories Cont.
A Production Function with Diminishing Marginal Product of Capital
Cost Accounting 14