Respuesta :
The law of increasing opportunity costs states that as the production of particular good rises, the opportunity cost of producing an additional unit of the good rises.
What is the law of increasing opportunity costs?
- Economic theory holds that when a provider raises the output of a good, the potential cost of creating additional goods likewise increases. This is known as the law of increasing opportunity costs.
- Opportunity cost is the term used to describe the chances and advantages that providers miss out on when they select one alternative over another and commit their resources to it.
- Or to put it another way, opportunity cost is the difference between the cost of the chosen outcome and the cost of the alternative that a corporation could have chosen.
- The process of manufacturing products becomes less effective as the opportunity cost of doing so rises. Land, labor, and capital are the three basic production inputs.
- By altering certain components of their production, suppliers can occasionally evade the impacts of the rule of increasing cost.
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