When the Opportunity Cost of Producing Carrots Increases as More

question 174

Multiple Choice

When the opportunity cost of producing carrots increases as more carrots are produced, then:

• A) no more carrots will be produced.
• B) resources are equally suited to the production of carrots and to other goods.
• C) the production possibilities curve is a straight line.
• D) the production possibilities curve becomes positively sloped.
• E) the law of increasing costs is present.

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Definitions:

Corporate Strategy

The overarching strategy of a company, focusing on overall direction, resource allocation, and long-term objectives.

Allocate Resources

The process of distributing available resources, such as funds, materials, and labor, among various projects or departments to achieve organizational goals.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Complexity

The state or quality of being intricate or complicated, which can arise from numerous interconnected parts or variables.