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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.
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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 9/3/2013 2:59:00 PM
Updated 9/25/2014 11:13:11 PM
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Flagged by emdjay23 [9/25/2014 11:13:09 PM]
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The law of increasing costs means that when an economy increases production of one item the opportunity cost goes up.

Added 9/25/2014 11:13:11 PM
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Questions asked by the same visitor
Theoretically, if a person or a country had an unlimited amount of a resource, then that person or country would: a. have to place limits on its use. c. run out of it. b. not have to make a choice on how to use it. d. have to worry about supply.
Question
Updated 143 days ago|3/6/2016 9:19:14 AM
1 Answer/Comment
Theoretically, if a person or a country had an unlimited amount of a resource, then that person or country would: not have to make a choice on how to use it.
Added 143 days ago|3/6/2016 9:14:38 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [3/6/2016 9:19:17 AM]
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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Expert Answered
Asked 9/3/2013 3:01:30 PM
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