the is yes.....
what law of increasing costs means that when an economy increases the production of one item _____.
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 bowed shape of the production possibilities curve. Because not all of our economy's resources are equally well-suited to the production of a single good, the increasing opportunity cost is present.
Consumption also increases as disposable income increases.
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
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 only effeciently produce one product so using those specialized resources on a different product is inefficient)
what law of increasing costs means that when an economy increases the production of one item _____.
a businessperson increases production during the industrial revolution
Businessperson increases industrial production during the Industrial Revolution
investment increases.
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 bowed shape of the production possibilities curve. Because not all of our economy's resources are equally well-suited to the production of a single good, the increasing opportunity cost is present.
Increasing the speed of a fan generally leads to higher energy consumption. This is because more power is needed to rotate the fan blades faster and produce greater airflow.
The law of increasing cost explains that as production increases, the opportunity cost of producing additional units of a good also increases. This is because resources are not equally efficient in producing all goods, and as more of one good is produced, resources are shifted from their most efficient use to less efficient uses.
Consumption also increases as disposable income increases.
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
Because when one produces one product, the opportunity cost of the other product increases i.e. the concave represents the increasing opportunity cost with the production of a good.
oxygen consumption increases
Increasing a vehicles weight will decrease it's acceleration, braking performance, cornering performance and life. It also increases the cars fuel consumption and tyre wear.