The law of increasing opportunity costs states that:

1 answer:

7 0

d) if society wants to produce more of a particular good, it must sacrifice larger and larger amounts of another good to do so.

This is true for a society, company, or even individuals. The more resources you put into producing one type of good, the harder and more expensive it will be to switch and the more opportunity costs go up for the things you aren't choosing to produce.

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Keith_Richards [23]

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