Explain the law of increasing costs.

2 answers:

7 0

<em>Answer: In economics, the law of increasing costs is a principle that states that to produce an increasing amount of a good a supplier must give up greater and greater amounts of another good. ... If the economy is at the maximum for all inputs, then the cost of each unit will be more expensive.</em>

qaws [65]1 year ago

7 0

Answer:

In economics, the law of increasing costs is a principle that states that to produce an increasing amount of a good a supplier must give up greater and greater amounts of another good. ... If the economy is at the maximum for all inputs, then the cost of each unit will be more expensive.

Explanation:

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