Which of the Following Statements Describes the Law of Increasing

question 153

Multiple Choice

Which of the following statements describes the law of increasing costs?

• A)As the quantity produced of any particular item decreases,its per unit cost of production rises.
• B)As the quantity produced of any particular item increases,its per unit cost of production rises.
• C)The prices of consumer goods and services always rise and never fall.
• D)If you wait to make a purchase,you will pay a higher price.
• E)The total cost of production rises as output goes up.

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Credit Card Statement

An accounting of the credits and debits in the form of a monthly report sent to a credit card holder.

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Debit Card

A card that acts like an electronic check and is not a credit or charge card; with each purchase, the amount is deducted from a checking account; purchases may not exceed the balance in the account.