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Author Question: The law of increasing additional cost is due to A) scarcity. B) inefficient use of technology. ... (Read 87 times)

hbsimmons88

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on: Jun 29, 2018
The law of increasing additional cost is due to
 
  A) scarcity.
  B) inefficient use of technology.
  C) the fact that resources are not perfectly adaptable for alternative uses.
  D) the fact that there are always alternatives and it is costly to figure out which alternative is best.

Question 2

A maximum legal price that may be charged for a particular good or service is known as a
 
  A) price floor.
  B) price ceiling.
  C) black market.
  D) price support.


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SomethingSomething

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

C

Answer to Question 2

B


hbsimmons88

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mohan

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Reply 3 on: Yesterday
Excellent

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