The law of increasing additional costs is due to
A) taxes.
B) scarcity.
C) the fact that it is more difficult to use resources efficiently the more society produces.
D) the fact that resources are not perfectly adaptable for alternative uses.
Question 2
In an oligopolistic market, each firm
A) has a constant marginal cost.
B) faces a perfectly elastic demand function.
C) must consider the reaction of rival firms when making a pricing or output decision.
D) produces at minimum average cost in the long run.
Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
Increasing Separation of Masters and Workers
The Increasing Cost of Health Care, 1960–2010
In middle childhood, children spend increasing amounts of time with peers and friends.
The Brain and Alcohol As you consume more alcohol, additional areas of your brain are affected
Increasing/decreasing Functions