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

Author Question: The loss of the highest-valued alternative defines the concept of A) marginal benefit. B) ... (Read 226 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
The loss of the highest-valued alternative defines the concept of
 
  A) marginal benefit.
  B) scarcity.
  C) entrepreneurship
  D) opportunity cost.

Question 2

When producing goods and services along a PPF, tradeoffs exist because
 
  A) not all production is efficient.
  B) society has only a limited amount of productive resources.
  C) buyers and sellers often must negotiate prices.
  D) human wants and needs are limited at a particular point in time.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


tnt_battle

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 29, 2018
Correct answers!


catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

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.

Male coho salmon exhibit two alternative life history strategies. “Jack†Male coho salmon exhibit two alternative life history strategies. “Jackâ€ÂÂ
Immune System Concept Map Immune System Concept Map
Rapid growth in the use of alternative energy seems impressive Rapid growth in the use of alternative energy seems impressive
"No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ... "No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ...
Alternative for pass-point test Alternative for pass-point test
Nursing: A Concept-Based Approach to Learning, Volume I Nursing: A Concept-Based Approach to Learning, Volume I
Video: Gas exchange - driving force

For a complete list of videos, visit our video library