Business

24 May, 01:28

The law of increasing opportunity costs is a result of the fact that:

a. A) the value of the dollar has declined over time.

b. B) wage rates rise as the economy reaches full employment.

c. C) consumers tend to value a good more when they don't have much of it.

d. D) resources are not equally productive in all output categories.

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A company had inventory on November 1 of 5 units at a cost of $19 each. On November 2, they purchased 10 units at $21 each. On November 6 they purchased 6 units at $24 each. On November 8, 10 units were sold for $54 each.

Which of the following are examples of a firm experiencing positive technological change? a. A firm is able to cut each worker's wage rate by 10 percent and still produce the same level of output. b.

One of the most important elements to lobbying success is gathering information explain how and why

Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $12,000 per month for the next 9 years with the first payment due today. If the APR is 6.

An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross income.

New Questions in Business

According to Debra, the vice president of Theo Chocolate, the most important marketing vehicle the company has is: a. the fair trade certification. b. free product giveaways. c. tours of its factories. d. the unique varieties of chocolates it offers.

A country that exports less than it imports will end up having to borrow money True or False if false why?

A client's condition has resulted in a decrease in work demands of most cells in the body. Which change within the cell will likely result from this decrease in work?

At the scene of the crime, the evidence collector found a damp, bloody shirt. the evidence collector quickly wrapped the shirt in a paper bindle. he inserted the paper bindle with the shirt into an evidence bag.

What may managers rely on to decide if they'd like to interview a candidate in person?