Author Question: Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish ... (Read 120 times)

jwb375 · **on:** Jun 29, 2018

Abe can catch 10 pounds of fish an hour or pick 10 pounds of fruit. Zeb can catch 30 pounds of fish an hour or pick 20 pounds of fruit.

The opportunity cost of fish is ________ for Abe than for Zeb, and the opportunity cost of fruit is ________ for Abe than for Zeb. A) higher, lower
B) lower, higher
C) higher, higher
D) lower, lower

Question 2

As you consume more and more of any good, you experience ________ utility.

A) diminishing marginal
B) diminishing total
C) negative marginal
D) increasing marginal