A change in a marginal benefit or cost will
A) increase consumption.
B) decrease production.
C) cause an individual to make a rational choice.
D) increase sunk costs.
E) change incentives.
E
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The aggregate production function describes the relationship between
A) real GDP and the quantity of labor employed. B) real GDP and the price level. C) the rate of growth of real GDP and inflation. D) real GDP and the unemployment rate.
Negative returns set in with the _____ worker.
What is money and what important function does it perform? Explain how it overcomes the disadvantages associated with barter. What conditions are necessary for people to accept paper currency in exchange for the goods and services which they sell?
Please provide the best answer for the statement.
There is an opportunity cost associated with
A. only investments made with funds received from the sale of new bonds. B. only investments made with retained earnings. C. only investments made with borrowed funds. D. every investment project, no matter how it is funded.