The choices are:A) Adding more variable factor to a given fixed factorB) Compare the cost versus benefit in making decisionC) The situation does not represent a core principle.D) Cost-benefit analysisE) Diminishing returnsF)Scarce resource so choice has to be made.G) People are responding to an incentiveH) Scarcity, choice and opportunity costI) Incentive principle

Question 2 Due to heavy rains the price of ground produce increases. Which core principle is represented in this scenario (if any)? Choose... Explanation Choose... {} (} Previous page