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Why do opportunity cost increase as society produces more of a good?
Wiki User
∙ 11y ago
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
Wiki User
∙ 11y ago
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Why does the opportunity cost of a good rise as society produces more of it?
i
What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
Does increasing opportunity cost occur when resources are being used at their peak efficiency when does opportunity cost increase?
it is a sacrifice that one has to make between the alterntive he or she chooses to the next best alterntive
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
Why does the opportunity cost of a good rise as society produces more of it?
i
What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
What are the examples to increase the opportunity cost in tourism?
the increased opportunity costs in tourism
Explain why a production possibilities curve is concave?
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.
Does increasing opportunity cost occur when resources are being used at their peak efficiency when does opportunity cost increase?
it is a sacrifice that one has to make between the alterntive he or she chooses to the next best alterntive
The opportunity cost of each additional tank in terms of autos.......?
Increase as more tanks are produced.
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What point will the opportunity cost be zero?
Free goodsGoods which can be use only one utilizationUnemployment situation in the society
Why does the opportunity cost of doing homework increase as you spend more time doing it?
Opportunity cost of doing homework increases as you spend more time doing it because of the time you are allocating for it. You can be accomplishing something else.
How can you find the opportunity cost of a country k produces five hundred military guns and thirty television set?
The opportunity cost is the labor and resources that go into producing 500 guns and 30 tv sets that could have been used elsewhere. The "elsewhere" is the opportunity cost. For example, if you make $10/hr working and you decide to sit home watching tv for 2 hours instead of working, your opportunity cost is $20.
What does the word opportunity cost means?
Opportunity cost means that there is an opportunity to get something in a lower cost. __by Alondra Rico
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
