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 52 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
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

A spark tester connected to a spark plug wire or coil output. A typical spark tester will fire only ... A spark tester connected to a spark plug wire or coil output. A typical spark tester will fire only ...
Principle of a microcytotoxicity assay. Principle of a microcytotoxicity assay.
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
Gestalt Principle: Similarity Gestalt Principle: Similarity
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library