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

question 113

Multiple Choice

If the law of increasing opportunity costs is operable,and currently the opportunity cost of producing the 1,000th unit of good X is 0.5Y,then the opportunity cost of producing the 2,001st unit of good is X is most likely to be

• A) less than 0.5Y.
• B) more than 0.5Y but less than 2Y.
• C) more than 0.5Y.
• D) less than 0.5Y but more than zero.
• E) none of the above

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Definitions:

North America

A continent located in the Northern Hemisphere, mainly between the Atlantic and Pacific Oceans, consisting of countries such as the United States, Canada, and Mexico.

Negative Attitude

A personal disposition that reflects pessimism, dissatisfaction, or a general outlook of expecting the worst outcomes.

Misperception

A mistaken or incorrect understanding or interpretation of something, often leading to communication errors or conflicts.

Partial Hearing Loss

A condition where there is a decrease in the ability to perceive sound in one or both ears, but not complete deafness.