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

Author Question: The principle that the opportunity cost increases as the production of one output expands along the ... (Read 13 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
The principle that the opportunity cost increases as the production of one output expands along the production possibilities curve is the:
 a. law of increasing opportunity costs.
  b. law of supply.
  c. law of demand.
  d. law of diminishing returns.

Question 2

According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study:
 a. is positive.
  b. outweighs the extra cost.
  c. exceeds the benefits of the previous hour of study.
  d. will raise your exam score.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
Gracias!

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

In nest, under production In nest, under production
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading. Adding additional amounts of ethyl alcohol (ethanol) increases the frequency reading.
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
At 34.5°C, oxygen gas expands from 34.5 L to 45.7 L against a constant pressure of 750 mmHg. ... At 34.5°C, oxygen gas expands from 34.5 L to 45.7 L against a constant pressure of 750 mmHg. ...
Physics - Density, Pressure, and Pascal's Principle Physics - Density, Pressure, and Pascal's Principle
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library