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johnnyappleseed johnnyappleseed
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2 months ago

The law of increasing opportunity costs states that as



▸

less of a good is produced, the higher the opportunity costs of producing that good.



▸

more of a good is produced, the lower the opportunity costs of producing that good.



▸

more of a good is produced, the higher the opportunity costs of producing that good.



▸

more of a good is produced, the opportunity cost of producing the good remains the same.



▸

a and b

Textbook 
Economics

Economics


Edition: 12th
Author:
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Nfernandez1991Nfernandez1991
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2 months ago
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more of a good is produced, the higher the opportunity costs of producing that good.
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johnnyappleseed Author
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2 months ago
Thank you, thank you, thank you!
julymontalvo
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You make an excellent tutor!
decibul
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2 hours ago
this is exactly what I needed
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