Which of the Following Best Explains Why Increasing Marginal Costs

question 20

Multiple Choice

Which of the following best explains why increasing marginal costs of production arise?

• A)The factor endowments vary across countries.
• B)All the factor inputs are not fully utilized in the production of different commodities.
• C)Different consumers have different taste and preference sets.
• D)Different commodities use inputs in different proportions.

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Definitions:

Slave Trade

The historical trading of enslaved people, primarily from Africa to the Americas, which was a crucial part of the global economic system from the 16th to the 19th century.

African-Americans

Individuals of African descent living in the United States, historically subjected to slavery and discrimination, and have since been integral in shaping American culture and society.

Institution of Slavery

A system in which individuals are legally owned by others as property, forced to work without pay under threat of violence or coercion.

Skilled Jobs

Positions that require specialized knowledge, training, and experience, typically involving craftsmanship, professions, or technical expertise.