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What is the economic rationale for the law of increasing opportunity cost?

In: Economics [Edit categories]

Answer:

Based on my macroeconomics book, economic resources are not completely adaptable to alternate universes.

First answer by ID1191025983. Last edit by ID1191025983. Question popularity: 1 [recommend question].

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What is law of increasing opportunity cost?
The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. (Some resources are specialized to...
What does the law of increasing opportunity costs explain?
the increasing amounts of one commodity that a nation must give up to release just enough resources to produce each additional unit of another commodity. THis is reflected in a production frontier...
What does law of increasing opportunity cost express?
The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. This law is responsible for the...
What generates the law of increasing opportunity costs?
The law of increasing opportunity costs states that the more of a product that is produced the greater is its opportunity cost.
The law of increasing opportunity costs exists because?
because resources are not equally efficient in producing various goods