Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,

A. initially increases, then decreases.
B. increases.
C. remains constant.
D. decreases.

Answer: B

Economics

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Fixed costs are sometimes referred to as _____ costs because once you've obligated yourself to them, they cannot be recovered.

Fill in the blank(s) with the appropriate word(s).

Economics

The figure illustrates Sally's budget line and her preferences. Point ________ is Sally's best affordable point, and Sally prefers point ________ to point ________

A) A; B; A B) E; C; B C) B; A; B D) B; B; D

Economics