As More of a Good, Such as Television Sets, Is

question 138

Multiple Choice

As more of a good, such as television sets, is produced, the opportunity costs of producing it increases. This most likely occurs because

• A) as more of a good is produced, the inputs used to produce that good will increase in price.
• B) consumers would be willing to pay higher prices for the good as more of the good is produced.
• C) resources are not equally well suited to producing all goods, and as more of a good is produced, it is necessary to use resources less well suited to the production of that good.
• D) as more of a good is produced, the quality of that good declines, and therefore the costs of production increase.

---

Definitions:

List Price

The advertised or published price of a product or service before any discounts, rebates, or special offers are applied.

Quoted Price

The current price at which an asset or service can be bought or sold.

Special Adjustments

Modifications or changes made to products, policies, or systems to accommodate specific needs, circumstances, or unusual situations.

Sexually Explicit Films

Movies that depict sexual activity with the intention of arousing the viewer, often focusing on sexual acts rather than narrative content.