Pol Sci2212 §1 Fall2016 jsm
Which of the following is the underlying reason for the law of increasing opportunity cost?
- A. Higher prices cause production of all goods to increase.
- B. Capital goods cannot be divided into smaller units.
- C. Resources are scarce.
- D. Resources are not equally suited to the production of all goods.
- E. Managerial inefficiency results in diseconomies of scale.
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