________ Marginal Opportunity Cost Implies That the More Resources Already

question 124

Multiple Choice

________ marginal opportunity cost implies that the more resources already devoted to any activity, the payoff from allocating yet more resources to that activity increases by progressively smaller amounts.

• A)Increasing
• B)Decreasing
• C)Constant
• D)Negative

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Definitions:

Sales Mix

The combination of different products or services that a company sells, impacting the overall profitability and performance of the business.

CVP Analysis

Short for Cost-Volume-Profit Analysis, a tool that helps determine how changes in costs and volume affect a company's operating income and net income.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Sensitivity Analysis

A technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.