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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 65
The law of increasing costs states that, as ______.
A) output rises, cost per unit rises as well
B) the output of one good expands, the opportunity cost of producing additional units of this good increases
C) economies of scale set in, costs increase
D) output rises, diminishing returns set in
A) output rises, cost per unit rises as well
B) the output of one good expands, the opportunity cost of producing additional units of this good increases
C) economies of scale set in, costs increase
D) output rises, diminishing returns set in
Explanation
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Verified
The law of the opportunity cost is based...
Microeconomics 9th Edition by Stephen Slavin
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