When MC Is Rising,ATC

question 70

Multiple Choice

When MC is rising,ATC

• A)must be rising.
• B)must be falling.
• C)may be falling or rising.
• D)will remain constant.

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Definitions:

Marginal Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen, especially in the context of resource allocation.

Production Possibilities Schedule

A table that shows the different combinations of two goods that can be produced with fixed resources and technology.

Tanks

Armored combat vehicles with heavy firepower and strong defensive capabilities, primarily used by military forces in ground warfare.

Opportunity Cost

The cost of foregone alternatives, or what is given up in order to pursue a certain action or decision.