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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Which of the following statements is not compatible with the opportunity cost theory?
A) Demand plays a role in the determination of costs.
B) Labor costs depend upon the demand for labor.
C) Relative prices reflect the relative amount of human labor required to produce goods.
D) Supply as well as demand depends upon subjective preferences.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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9 years ago
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Sublight2097 Author
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#2
9 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
9 years ago
Happy to help, let me know if you have any more requests.
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