The optimal use of a resource takes place when which of the following happens?
A. The opportunity cost is greater than the actual cost.
B. The supply and demand curves never intersect.
C. There is a decrease in the marginal utility of a decision.
D. The benefit is greater than the opportunity cost.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The optimal use of a resource takes place when which of the following happens? A. The opportunity cost is greater than the actual cost. B. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Real-balances effect household expectations interest-rate effect personal income tax rates profit expectations national incomes abroad government spending foreign purchases effect exchange rates degree of excess capacity answer the question based on
Answers (1)
Fiscal policy refers toa. changes in the interest rate. b. changes in the money supply. c. changes in the amount of physical capital in the economy. d. discretionary changes in government spending and taxes.
Answers (1)
Which of the statements below is TRUE? A. Accounting Identity is: Assets = Liabilities minus - Owners' Equity. B. Accounting Identity is: Liabilities = Assets + Owners' Equity. C. Accounting Identity is: Assets = Liabilities + Owners' Equity. D.
Answers (1)
Pritchett Co. reported the following year-end dа ta: Cash $ 25,100 Short-term investments $ 7,800 Accounts receivable (current) $ 17,500 Inventory $ 26,000 Other current assets $ 10,000 Total current liabilities $ 36,000 Compute the (a)
Answers (1)
How is the relationship between unitss in the money system in the u. s. similar to the metric system
Answers (1)
New Questions in Business
Whos the richeist family
Answers (1)
What type of organizational structure would a major nationwide insurance company use?
Answers (1)
What explanations have economists offered for why firms don't raise prices when doing so would seem to increase profits? Firms might not raise prices when doing so might increase profits because A.
Answers (1)
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased ... $124,800 Direct materials used ... 74,300 Direct labor used ... 55,000 Total factory overhead ...
Answers (1)
Cole has a credit card bill of $3,100. His credit limit is $3,000. Is Cole using credit responsibly or irresponsibly? A. responsibly B. irresponsibly
Answers (1)