Multiple Choice
The following table provides the costs (Cost A and Cost B) and the benenfits associated with each unit of activity
-Which of the following statements is correct?
A) The total benefit exceeds the total cost for all units of activity.
B) Each of the five units of activity yields the same total benefit.
C) Each of the five units of activity yields the same average benefit.
D) Each additional unit of activity yields the same marginal benefit.
E) Each additional unit of activity yields more and more additional benefit.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: If all the world's resources were to
Q45: The principle of scarcity applies to<br>A) the
Q46: While eating dinner one evening,you receive a
Q47: If Brenda works for 10 hours she
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -The net
Q50: The scarcity problem applies to<br>A) all decisions.<br>B)
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Total donations raised
Q52: If there were no scarcity,it implies that<br>A)
Q53: Which of the following statements is an
Q54: To avoid the mistake of ignoring opportunity