The law of increasing costs indicates that the opportunity cost of producing a good:
A. is proportional to the production of the good.
B. is constant to the production of the good.
C. increases as more of the good is produced.
D. decreases as more of the good is produced.
Answer: C
Economics
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The employees at Hasket Electronics, Inc all received a significant raise. Afterward, the amount of food bought from the company’s vending machines decreased. Judging from this information, vending machine food would be considered a(n) ______.
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Economics