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What does a constant opportunity cost imply in terms of production?
  • a)
    The opportunity cost remains the same regardless of production levels.
  • b)
    The opportunity cost decreases as production levels increase.
  • c)
    The opportunity cost increases as production levels increase.
  • d)
    The opportunity cost is zero at all production levels.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What does a constant opportunity cost imply in terms of production?a)T...
Constant opportunity cost means that the same amount of one product must be given up to produce each additional unit of another product.
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What does a constant opportunity cost imply in terms of production?a)The opportunity cost remains the same regardless of production levels.b)The opportunity cost decreases as production levels increase.c)The opportunity cost increases as production levels increase.d)The opportunity cost is zero at all production levels.Correct answer is option 'A'. Can you explain this answer?
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What does a constant opportunity cost imply in terms of production?a)The opportunity cost remains the same regardless of production levels.b)The opportunity cost decreases as production levels increase.c)The opportunity cost increases as production levels increase.d)The opportunity cost is zero at all production levels.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does a constant opportunity cost imply in terms of production?a)The opportunity cost remains the same regardless of production levels.b)The opportunity cost decreases as production levels increase.c)The opportunity cost increases as production levels increase.d)The opportunity cost is zero at all production levels.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does a constant opportunity cost imply in terms of production?a)The opportunity cost remains the same regardless of production levels.b)The opportunity cost decreases as production levels increase.c)The opportunity cost increases as production levels increase.d)The opportunity cost is zero at all production levels.Correct answer is option 'A'. Can you explain this answer?.
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