The Increased Production of Lamps Comes at Constant Opportunity Costs

question 41

Multiple Choice

The increased production of lamps comes at constant opportunity costs in terms of bookshelves.This means

• A) that it takes more resources to produce a lamp than a bookshelf.
• B) that it takes fewer resources to produce a lamp than a bookshelf.
• C) that for every lamp produced, a constant number of bookshelves is forfeited.
• D) that for every lamp produced, a different number of bookshelves is forfeited.

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Expectations that are not reasonable or achievable given the current resources, constraints, or circumstances.

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