Business, 06.10.2019 04:01, jade611135
According to the law of increasing opportunity cost,
a. production points outside the production possibility frontier are unattainable
b. the production possibility frontier becomes flatter as production increases along the horizontal axis
c. the opportunity cost of producing a good rises as production of that good falls
d. production points inside the production possibility frontier are unattainable
e. the opportunity cost of producing a good rises as production of that good rises
Answers: 3
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Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
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According to the law of increasing opportunity cost,
a. production points outside the producti...
a. production points outside the producti...
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