According to the law of increasing opportunity costsa the, Ask an Expert

Economics

According to the law of increasing opportunity costs,

A. The more one is willing to pay for resources, the smaller will be the possible level of production.

B. Increasing the production of a particular good will cause the price of the good to remain constant.

C. In order to produce additional units of a particular good, it is necessary for society to sacrifice increasingly larger amounts of alternative goods.

D. None of the choices are correct.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711083

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