Refer to Table 2-4. Dina faces ________ opportunity costs in the production of sliders and hot wings
A) constant B) decreasing C) increasing D) negative
A
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What are the twin goals of the Federal Reserve Bank?
a) Low unemployment and zero inflation. b) No unemployment and stable prices. c) Low unemployment and stable prices. d) No unemployment and zero inflation.
In the long run, if the price level increases, then nominal wages and other input prices:
A. Also rise, so firms will reduce their output level B. Also rise, so firms will not change their output level C. Not change, so firms will not change their output level D. Decrease, so firms will increase their output level
Think of examples of goods whose relative price has risen or fallen by a large amount
What will be an ideal response?
A firm's decision to expand the size of its production facility would be considered a short-run decision so long as the expansion can be completed in less than a year
Indicate whether the statement is true or false