As more cars are produced, the opportunity cost of each additional car is greater than for the preceding unit. As more cars are produced, the opportunity cost of each additional car is less than for the preceding unit. As more cars are produced, the opportunity cost of each additional car is the same as for the preceding unit. People pay lower prices for cars the higher the costs of producing cars.

As more cars are produced, the opportunity cost of each additional car is greater than for the preceding unit. As more cars are produced, the opportunity cost of each additional car is less than for the preceding unit. As more cars are produced, the opportunity cost of each additional car is the same as for the preceding unit. People pay lower prices for cars the higher the costs of producing cars.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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