This topic contains a solution. Click here to go to the answer

Author Question: The principle that the opportunity cost increases as the production of one output expands along the ... (Read 53 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
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
Answer to Question 1

a

Answer to Question 2

b




future617RT

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


yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library