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Refer to the Following Figure for the Questions That Follow

Question 38

Multiple Choice

Refer to the following figure for the questions that follow.
Refer to the following figure for the questions that follow.    -As you move from points N to M to L,the opportunity cost of additional apple pie: A)  decreases due to the law of increasing relative cost. B)  increases due to the law of increasing relative cost. C)  decreases due to the law of normative economics. D)  increases due to the law of marginal analysis. E)  decreases due to enhancements in technology.
-As you move from points N to M to L,the opportunity cost of additional apple pie:


A) decreases due to the law of increasing relative cost.
B) increases due to the law of increasing relative cost.
C) decreases due to the law of normative economics.
D) increases due to the law of marginal analysis.
E) decreases due to enhancements in technology.

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