If the Law of Increasing Opportunity Costs Is Operable,and Currently

question 103

Multiple Choice

If the law of increasing opportunity costs is operable,and currently the opportunity cost of producing the 101st unit of good X is 5Y,then the opportunity cost of producing the 201st unit of good is X is most likely to be

• A)less than 5Y.
• B)more than 1/5Y but less than 5Y.
• C)more than 5Y
• D)less than 1/5Y but more than zero.

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Definitions:

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.

Saturation

Vividness or purity of color; the dimension of visual experience related to the complexity of light waves.

Visual Stimulus

Any object or event that is seen and stimulates the visual sense, potentially eliciting a response.

Signal-detection Theory

A theory that explains how individuals differentiate between important stimuli and background noise in the environment.