When two projects both require the total use of the same limited economic resource,the projects are generally considered to be:
A) independent.
B) marginally profitable.
C) mutually exclusive.
D) acceptable.
E) internally profitablE.

Question

Quizplus · Accepted Answer

When two projects both require the total use of the same limited economic resource, they are considered mutually exclusive. This means that choosing one project would exclude the possibility of pursuing the other project. Therefore, only one of the projects can be undertaken, as the economic resource cannot be used for both projects simultaneously.

When Two Projects Both Require the Total Use of the Same