Answer:
B. Increasing the production of a good requires larger and larger decreases in the production of another good.
Explanation:
Opportunity cost refers to the foregone units of production of a good in exchange for producing units of another good.
Marginal cost on the other hand refers to additional cost incurred when an additional unit is produced.
Marginal opportunity cost relates to the additional opportunity cost incurred when additional unit of second good is produced in exchange for foregoing or sacrificing units of production of first good.
Increasing marginal opportunity cost would mean as more and more units of good A are produced, for each extra unit of production of Good A, higher units of production of Good B are sacrificed i.e larger and larger decrease in the production of another good.
You could be a coach of some sort or you could try to be a profesinal athlete or you could be a triner
Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
price ceilings
Explanation:
In contrast to goods and services markets, <u>price ceilings</u> are rare in labor markets, because rules that prevent people from earning income are not politically popular.