Which of the Following Is an Illustration of the Law

question 10

Multiple Choice

Which of the following is an illustration of the law of increasing opportunity costs?

• A) As more cars are produced,the opportunity cost of each additional car is greater than for the preceding unit.
• B) As more cars are produced,the opportunity cost of each additional car is less than for the preceding unit.
• C) As more cars are produced,the opportunity cost of each additional car is the same as for the preceding unit.
• D) People pay lower prices for cars the higher the costs of producing cars.

---

Definitions:

Breach of Contract

The inability to fulfill any clause of a contract, whether it's written or spoken, without a valid legal justification.

Damages Awarded

The monetary compensation granted to the plaintiff after a court judgment or settlement, intended to remedy harm caused by the defendant's actions.

Anticipatory Repudiation

A declaration or action by a party indicating they will not fulfill their contractual obligations, allowing the other party to terminate the contract and seek damages.

Nonbreaching Party

The party in a contractual agreement who has not violated the contract's terms.