Increasing opportunity cost tends to occur if
a. management is disorganized.
b. markets do not equate money and opportunity cost.
c. production is inefficient.
d. resources are scarce.
e. resources are specialized.
e
Economics
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For a duopoly, the maximum total profit is reached when the duopoly produces
A) the same amount of output as the competitive outcome. B) the same amount of output as the monopoly outcome. C) an amount of output that lies between the competitive outcome and the monopoly outcome. D) more output than the competitive outcome. E) less output than the monopoly outcome.
Economics
Managers of profit centers usually have
a. A lot of discretion over decisions b. Most of their decisions overseen by corporate executives c. No discretion over decisions d. Given excessively high bonuses
Economics