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Which of the following best reflects the principle of increasing marginal opportunity cost (or the law of diminishing returns)?
a. two hamburgers cost twice as much as one hamburger
b. a large soda costs more than a small soda
c. two more hours studying per week could raise your grade from a c to a b, but to raise it from a b to an a, would require 7 hours more studying per week
d. marginal costs increase whenever marginal benefits do
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Which of the following best reflects the principle of increasing marginal opportunity cost (or the l...
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