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Use the Figure Below to Answer the Following Questions

question 93

Multiple Choice

use the figure below to answer the following questions :
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.
-As we move from points N to M to L,the opportunity cost of additional apple pie


Definitions:

Properly Set

Correctly established or arranged according to specified guidelines or principles.

Expectancy Theory

A motivational theory that suggests an individual's behavior is determined by their expected outcomes or rewards, based on the belief that effort leads to performance and performance leads to rewards.

High Instrumentality

The belief that performance will lead directly to desirable outcomes, an essential concept in expectancy theory of motivation.

High Valence

A condition or characteristic that is highly valued or desired by individuals, often motivating actions or behaviors toward achieving a specific outcome.

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