What is the name of the law that states that as we shift factors of production from making one good or service to another, the most of producing the second item increases?

A. the law of decreasing costs

B. the law of increasing costs

C. the law of efficient production

D. the law of effective production

Question

Lexie Orozco

9 March, 08:51

+5

Answers (2)

Know the Answer?

Ruby Mcintosh · Answer 1

Ruby Mcintosh 9 March, 09:43

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the law of increasing costs

Jordon Morse · Answer 2

the answer is the law of increasing costs

What is the name of the law that states that as we shift factors of production from making one good or service to another, the most of producing the second item increases?A. the law of decreasing costsB. the law of increasing costsC. the law of efficient productionD. the law of effective production