The law of increasing opportunity costs: . refutes the principle of comparative advantage. b. applies to land-intensive commodities but not to labor-intensive or capital-intensive commodities. c. may limit the extent to which a nation specializes in producing a particular product. d. results in straight-line production possibilities curves rather than curves that are bowed outward from the origin.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Amanda works as an industrial designer

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to: