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Business, 26.02.2020 17:53 ElizabethF

What is meant by increasing opportunity costs? The opportunity cost of an additional unit of a product, in terms of the lost output of another product, increases as more of the product is produced. The opportunity cost of an additional unit of a product, in terms of the lost output of another product, is unchanged as more of the product is produced. costs occur when resources are completely adaptable to alternative uses.

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