What is the reason for the law of increasing opportunity costs?
a. There is no reason: it just is.
b. People have varying abilities and those with lower opportunity costs of producing a good produce it before people with higher opportunity costs produce it.
c. The price of a good rises as more of it is demanded.
d. As more of a good is produced, the taxes applied to the production of the good rise.
e. c and d
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Home » Business » What is the reason for the law of increasing opportunity costs? a. There is no reason: it just is. b. People have varying abilities and those with lower opportunity costs of producing a good produce it before people with higher opportunity costs