Use the Figure Below to Answer the Following Questions

question 93

Multiple Choice

use the figure below to answer the following questions :

-As we 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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Definitions:

Moot

refers to an issue or case that has been resolved or is no longer relevant, and therefore, there is no longer a need for court adjudication.

Settled

The resolution or conclusion of a dispute, transaction, or legal case, often involving compromise or agreement by all parties.

Moot

Pertains to an issue that is debatable or questionable but has no practical value or relevance, often because circumstances have changed.

Directed Verdict

A ruling by the judge, after the plaintiff has presented her case but before any evidence is put forward by the defendant, in favor of the defendant because the plaintiff has failed to present the minimum amount of evidence necessary to establish his claim.