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:

Easy Babies

A temperament type described by Thomas and Chess. These babies are placid, not very active, show positive affect, and are regular in their rhythms, making them easier to care for than other babies.

Slow-To-Warm Babies

Describes infants who show a cautious response to new experiences or people, gradually becoming comfortable over time.

Placidity

The quality of being calm, peaceful, or tranquil.

Rhythmicity

The predictability of an individual’s sleep, feeding, elimination, and other biological cycles. An aspect of infant temperament.