Which of the following is a good example of an increasing-cost industry?

Question

Quizplus · Accepted Answer

All of the above options represent increasing-cost industries. As production in these industries expands, the costs of production also tend to increase. This can be due to factors such as the depletion of easily accessible resources in mining, the scarcity of desirable locations in real estate for apartments, and the potential for increased costs of raw materials or labor in sugar production.

Which of the Following Is a Good Example of an Increasing-Cost