As more and more of a particular good is produced, which of the following rises?
a. Opportunity costs
b. Unemployment
c. Marginal revenue
d. Profits
e. Employment
a. Opportunity costs
You might also like to view...
Health insurance companies often charge high premiums because ________
A) they expect to attract high-risk individuals B) they expect to attract risk-averse individuals C) they expect to attract low-income individuals D) they expect to attract risk-neutral individuals
The results of majority voting sometimes, but not always, agree with the results of benefit-cost analysis
a. True b. False Indicate whether the statement is true or false
$2.98 is an example of
A) typical pricing. B) markup pricing. C) odd pricing. D) margin pricing.
Price floors are used as a method to:
A. ensure buyers that goods won't be cheaper tomorrow. B. see that production levels don't fall too low. C. guarantee there will be enough food for everyone. D. ensure sellers a minimum price for their goods.