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djverab [1.8K]
3 years ago
7

The community of Desertville traditionally produces a large number of tires and a small amount of kiwi fruit. Kiwis are become i

ncreasingly popular, and Desertville has decided to expand kiwi cultivation and decrease tire manufacturing. According to the law of increasing costs,
the cost of producing kiwis will increase.cision
Business
1 answer:
viktelen [127]3 years ago
8 0

Answer:

The answer is TRUE.

According to the law of increasing costs, the cost of producing kiwis will increase.

Explanation:

The law of increasing costs states that as more factors of production are shifted from making one product or service to a second product or service, the cost of producing the second item increases.

As we can see in the scenario given above, the community of Desertville initially produced a small amount of Kiwi fruit. But as kiwis became more popular, its cultivation had to be expanded, therefore, increased costs would be incurred in the process of this expansion.

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