Answer to Question #240313 in Microeconomics for gabu

Question #240313

The opportunity cost of one ATV ▼

depend on how many you purchase because the opportunity cost of one good stays constant

for a straight-line boundary.

Expert's answer

The above statement is TRUE

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of t
2. 4. Suppose an individual has a utility function u (x1, x2) = 2*2. Present your mathmatical expressio
3. a) Define what is meant by a monotonic transformation of some consumer's utility function: u (2
4. A University graduate recieves his first pay cheque. Discuss how scarcity,choice and opportunity cos
5. A maximizing consumer with preferences u = min (3x, 2y) and an income of 120 dollars pays pX= 2 for
6. Equilibrium in any market can be described as that point where demand is equal to supply
7. Scarcity is the mother of all economic problem. Explain