The law of increasing opportunity costs states that as
A) less of a good is produced,the higher the opportunity costs of producing that good.
B) more of a good is produced,the lower the opportunity costs of producing that good.
C) more of a good is produced,the higher the opportunity costs of producing that good.
D) more of a good is produced,the opportunity cost of producing the good remains the same.
E) a and b
Correct Answer:
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