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Author Question: The principle that the opportunity cost increases as the production of one output expands along the ... (Read 51 times)

future617RT

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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.


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CourtneyCNorton

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


future617RT

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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