The law of increasing costs holds that the opportunity cost:
a. of a good decreases as the quantity of the good produced increases.
b. of a good is proportional to the resources used in its production.
c. of a good increases as more of the good is produced.
d. of a good does not change with the resources used its production.
e. changes as more of the good is produced.
c
Economics
You might also like to view...
A sole proprietorship is
A) the easiest type of business to set up. B) the most difficult type of business to set up. C) the most expensive type of business to set up. D) the least profitable type of business to set up.
Economics
An emission charge decreases private marginal cost and encourages greater output.
Answer the following statement true (T) or false (F)
Economics