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Author Question: The loss of the highest-valued alternative defines the concept of A) marginal benefit. B) ... (Read 154 times)

tnt_battle

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on: Jun 29, 2018
The loss of the highest-valued alternative defines the concept of
 
  A) marginal benefit.
  B) scarcity.
  C) entrepreneurship
  D) opportunity cost.

Question 2

When producing goods and services along a PPF, tradeoffs exist because
 
  A) not all production is efficient.
  B) society has only a limited amount of productive resources.
  C) buyers and sellers often must negotiate prices.
  D) human wants and needs are limited at a particular point in time.


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catron30

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


tnt_battle

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Reply #2 on: Jun 29, 2018
Correct answers!


catron30

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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