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ale4655 [162]
3 years ago
14

The law of increasing costs means that when an economy increases the production of one item

Business
1 answer:
KonstantinChe [14]3 years ago
3 0
The law of increasing costs means that when an economy increases the production of one item the opportunity cost goes up. It <span> is a principle that states that once all factors of production (land, labor, capital) are at maximum output and efficiency, producing more will </span>cost<span> more than average.</span>
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