If the Law of Increasing Opportunity Costs Is Operable,and Currently

question 113

Multiple Choice

If the law of increasing opportunity costs is operable,and currently the opportunity cost of producing the 1,000th unit of good X is 0.5Y,then the opportunity cost of producing the 2,001st unit of good is X is most likely to be

• A) less than 0.5Y.
• B) more than 0.5Y but less than 2Y.
• C) more than 0.5Y.
• D) less than 0.5Y but more than zero.
• E) none of the above

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Definitions:

Abraham Maslow

A renowned American psychologist who is primarily recognized for establishing the hierarchy of needs according to Maslow, which is a concept of psychological well-being based on satisfying inherent human necessities in a specific order, ultimately leading to self-actualization.

Hierarchy Of Needs

A motivational theory in psychology comprising a five-tier model of human needs, from basic physiological needs to self-actualization.

Ventromedial Hypothalamus

A region of the brain implicated in the regulation of satiety, metabolism, and sexual behavior.

Eating Response

The act of consuming food in reaction to internal signals such as hunger or external cues.