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.
Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
The Increasing Cost of Health Care, 1960–2010
The medical assisting profession offers many settings in which to pursue your career. Good communica
For millions of people, the United States represents a land of opportunity and freedom from ...
For millions of people, the United States represents a land of opportunity and freedom from ...
Peanut butter is good source of protein