Multiple Choice
Increasing opportunity cost can arise if ________.
A) there are economies of scale in production
B) marginal costs of production are constant
C) production of the good is characterized by diminishing returns
D) the production possibility curve is linear
Correct Answer:
Verified
Correct Answer:
Verified
Q197: Points on a production possibilities curve are
Q198: Scenario: Hawaii and South Carolina are trading
Q199: The following figure shows the production possibilities
Q200: The following figure shows the demand curve,
Q201: Which of the following statements is true?<br>A)
Q203: The following figure depicts the production possibilities
Q204: The figure below shows the domestic supply
Q205: The figure below shows the domestic supply
Q206: The following figure shows the demand curve,
Q207: The following figure shows the production possibilities