Because Resources Are Not Perfectly Adaptable to the Production of Both

question 134

Multiple Choice

Because resources are not perfectly adaptable to the production of both good A and good B,

• A)the opportunity cost of A increases as production of A increases
• B)the opportunity cost of A decreases as production of A increases
• C)it is impossible for the economy to produce both A and B
• D)the opportunity cost of A is constant
• E)the opportunity cost of B is constant

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Definitions:

Repeated Exposure

A marketing strategy that involves presenting a product, service, or brand to the target audience multiple times to increase familiarity and favorability.

Low Cost

Describes products, services, or strategies that are designed to minimize expenses and financial outlay.

Sales Promotion

A marketing strategy involving the short-term incentivization of buyers to purchase products or services, typically through discounts, coupons, contests, or free samples.

Promotional Mix

The combination of marketing tools used by an organization to persuasively communicate customer value and build customer relationships.