The Law of Increasing Cost Is Based Upon Which of the Following

question 108

Multiple Choice

The Law of Increasing Cost is based upon which of the following?

• A)If units of a resource are added to a fixed proportion of other resources,eventually marginal output will decline.
• B)Economies of scale eventually outweigh diseconomies of scale.
• C)Resources become more suitable for use in the production process as the output of one good expands.
• D)All of the choices are true.

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