________ Opportunity Cost Implies That as More Resources Are Applied

question 279

Multiple Choice

________ opportunity cost implies that as more resources are applied to producing one good, that production increases by smaller and smaller amounts.

• A)Increasing
• B)Decreasing
• C)Constant
• D)Negative

---

Definitions:

Expected Rate

In finance, it typically refers to the predicted average rate of return on an investment over a specified period.

Standard Deviation

A statistical measure that quantifies the amount of variability or dispersion of a set of data values around the mean (average).

Risk-Free Asset

A financial instrument that is considered to have no risk of financial loss and typically features a guaranteed rate of return, such as government bonds.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set differs from the mean.