Which of the following statements is consistent with how changes in opportunity cost are expected to affect behavior? O a. The lower the opportunity cost of doing X, the more likely X will be done. b. The higher the opportunity cost of doing X, the more likely X will be done. O c. There is no relationship between opportunity cost and behavior. d. The lower the opportunity cost of doing X, the less likely X will be done.

Which of the following statements is consistent with how changes in opportunity cost are expected to affect behavior? O a. The lower the opportunity cost of doing X, the more likely X will be done. b. The higher the opportunity cost of doing X, the more likely X will be done. O c. There is no relationship between opportunity cost and behavior. d. The lower the opportunity cost of doing X, the less likely X will be done.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 9RQ: Explain why individuals make Choices that are directly on the budget constraint, rather than inside...

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