Answer the question on the basis of the data given in the following production possibilities table. Production Possibilities (Alternatives) A D E F Capital Goods 4 2 1 Consumer Goods 9. 12 14 15 Refer to the table. For these data, the law of increasing opportunity costs is reflected in the fact that Select one: O A. the production possibilities data would graph as a straight downsloping line. B. the economy's resources are presumed to be scarce. O C. larger and larger amounts of capital goods must be sacrificed to get additional units of consum O D. the amount of consumer goods that must be sacrificed to get more capital goods diminishes b

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Answer the question on the basis of the data given in the following production possibilities table.
Production Possibilities (Alternatives)
А
B
E
F
Capital Goods
Consumer Goods
4
2
1
9.
12
14
15
Refer to the table. For these data, the law of increasing opportunity costs is reflected in the fact that
Select one:
O A. the production possibilities data would graph as a straight downsloping line.
O B. the economy's resources are presumed to be scarce.
O C. larger and larger amounts of capital goods must be sacrificed to get additional units of consume
O D. the amount of consumer goods that must be sacrificed to get more capital goods diminishes be
Transcribed Image Text:Answer the question on the basis of the data given in the following production possibilities table. Production Possibilities (Alternatives) А B E F Capital Goods Consumer Goods 4 2 1 9. 12 14 15 Refer to the table. For these data, the law of increasing opportunity costs is reflected in the fact that Select one: O A. the production possibilities data would graph as a straight downsloping line. O B. the economy's resources are presumed to be scarce. O C. larger and larger amounts of capital goods must be sacrificed to get additional units of consume O D. the amount of consumer goods that must be sacrificed to get more capital goods diminishes be
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