Why Do Increasing Opportunity Costs of Production Occur

question 24

Multiple Choice

Why do increasing opportunity costs of production occur?

• A)Factors of production are homogeneous
• B)Factors of production are being used in the same fixed proportion
• C)Factors of production are completely adaptable to every use
• D)All factors of production are not equally suited in the production of all commodities

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Definitions:

Wrinkled

Describes a texture or appearance characterized by small lines, folds, or ridges; often associated with aging skin or fabric that has been crushed or creased.

Glial Cells

Non-neuronal cells in the central nervous system and the peripheral nervous system that do not produce electrical impulses but are essential for supporting neurons and modulating their function.

Functions

Mathematical relations where each input is associated with exactly one output.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain.