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The law of increasing costs means that when an economy increases the production of one item a. the opportunity cost goes up. b. the actual cost of making the item goes down. c. the actual cost goes up but the opportunity cost goes down. d. the production costs will increase also.
b. the actual cost of making the item goes down.
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User: The law of increasing costs means that when an economy increases the production of one item a. the opportunity cost goes up. b. the actual cost of making the item goes down. c. the actual cost goes up but the opportunity cost goes down. d. the production costs will increase also.





Weegy: b. the actual cost of making the item goes down.
Expert answered|SarahGCarpio|Points 61|

User: The production-possibilities frontier separates outcomes that are possible for an individual (or a group) to produce from those which_______. a. are scarce. c. cannot be produced. b. have utility. d. are efficient.



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Asked 228 days ago|9/3/2013 2:59:00 PM
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As displayed on a production possibilities curve, what will an increase in technology allow a society to do? a. Produce more, as long as the resources are also available. c. It will not affect society s production. b. Produce less, because more resources are spent on developing technology. d. The society will spend more on the same level of production.
Weegy: As displayed on a production possibilities curve, an increase in technology will allow a society to: a. Produce more, as long as the resources are also available. (More)
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Asked 228 days ago|9/3/2013 2:50:37 PM
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The production-possibilities frontier separates outcomes that are possible for an individual (or a group) to produce from those which_______. a. are scarce. c. cannot be produced. b. have utility. d. are efficient.
Weegy: cannot be produced User: use of fewer resources than the economy is capable of using User: True or false.The production possibilities frontier shows the maximum possible output of a good within a specific economy. Weegy: The production possibilities frontier shows the maximum possible output of a good within a specific economy. TRUE. (More)
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Asked 228 days ago|9/3/2013 3:01:30 PM
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