This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The loss of the highest-valued alternative defines the concept of A) marginal benefit. B) ... (Read 155 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


tnt_battle

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 29, 2018
Correct answers!


catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Lyme Disease Concept Map Lyme Disease Concept Map
Concept map Concept map
Complementary and Alternative Therapy Use Among Adults and Children Complementary and Alternative Therapy Use Among Adults and Children
Alternative method of testing cardinal field of gaze Alternative method of testing cardinal field of gaze
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library