The opportunity cost of increasing production of good A from 1 unit to 2 units is the loss of

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Business

Jett Moody

4 July, 15:13

The opportunity cost of increasing production of good A from 1 unit to 2 units is the loss of

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Violet Huerta · Answer 1

Being able to produce a certain number of units of a different good.

Opportunity cost is what you give up in order to do something else, and in production the more of one type of good you produce, the higher your opportunity cost for any other different good becomes.