Multiple Choice
Which of the following is an example of an organization using marginal analysis?
A) A hotel manager calculating the average cost per guest for the past year.
B) A farmer hoping for rain.
C) A government official considering what effect an increase in military goods production will have on the production of consumer goods.
D) A business calculating economic profits.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Exhibit 2-2 Production possibilities curve<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit
Q2: The opportunity cost of watching television is:<br>A)
Q3: If an economy could produce 0 capital
Q5: Exhibit 2-7 Production possibilities curve<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit
Q6: Exhibit 2-15 Production possibilities curve<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit
Q7: Because of the problem of scarcity, the
Q8: Exhibit 2-19 Production possibilities curves<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit
Q9: Along a production possibilities curve showing capital
Q10: Exhibit 2-15 Production possibilities curve<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit
Q11: The law of increasing costs indicates that