The Opportunity Cost of a Resource Tells a Manager

question 54

Multiple Choice

The opportunity cost of a resource tells a manager:

• A) the amount by which one output must be reduced when another output is increased for a given set of resources
• B) the amount by which the fixed cost of one product will decline with a given set of resources
• C) the amount of output possible for all given sets of resources available
• D) none of the other three answers

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Definitions:

Homosexual Sexual Orientation

denotes a sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.

XXY Sex Chromosomes

A condition known as Klinefelter syndrome, where a male is born with an extra copy of the X chromosome.

Secondary Sex Characteristics

Features that appear at puberty, distinguishing the two sexes from each other but are not directly involved in reproduction, such as facial hair in men and breast development in women.

Primary Sex Characteristics

The physical features that are directly involved in human reproduction, including genital organs.