Author Question: The law of increasing costs indicates that the opportunity cost of producing a good: a. is ... (Read 127 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
The law of increasing costs indicates that the opportunity cost of producing a good:
 a. is proportional to the production of the good.
  b. is constant to the production of the good.
  c. increases as more of the good is produced.
  d. decreases as more of the good is produced.
  e. increases as less of the good is produced.

Question 2

The opportunity cost of your college education is:
 a. c and d.
  b. d and e.
  c. the actual dollar cost of your college education.
  d. your best alternative use of the money you spend for a college education.
  e. money you could have earned working instead of going to college.



SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

c

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library