Which principle states that as the production of one good expands, the opportunity cost of producing another unit of this good generally increases?
A. Principle of total cost
B. Principle of increasing cost
C. Principle of opportunity cost
D. Principle of increasing marginal utility
Answer: B
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The First National Bank of Townville has $125,000 in U.S. government securities, $200,000 in savings accounts, $300,000 in checking accounts, $50,000 in its reserve account at the Fed, $10,000 of currency in its vault, and loans of $250,000
What is the amount of its reserves?
Under the non-strategic view of bargaining, the terms of agreement are determined by
a. Your opponent's eagerness to reach agreement b. Your outside options c. Your opponents gain from agreement d. All of the above
Corporate profits that are not reinvested in the corporation are distributed to
a. consumers in the form of lower prices b. management and bondholders c. management and the board of directors d. shareholders in the form of interest e. shareholders in the form of dividends
Historically, the market prices of most natural resources (adjusted for inflation) have
a. increased. b. remained stable. c. remained stable or decreased. d. decreased.