The law of increasing costs holds that the opportunity cost: a. ...

[SAVANNAHHOOPER23]

The law of increasing costs holds that the opportunity cost:
 a. of a good decreases as the quantity of the good produced increases.
  b. of a good is proportional to the resources used in its production.
  c. of a good increases as more of the good is produced.
  d. of a good does not change with the resources used its production.
  e. changes as more of the good is produced.

Question 2

Efficient production means producing:
 a. less than feasible output for a given amount of resources.
  b. more than feasible output for a given amount of resources.
  c. the maximum feasible output for a given amount of resources.
  d. no more than what is needed.
  e. in excess of what is needed.

[sokh]

Answer to Question 1

c

Answer to Question 2

c

[SAVANNAHHOOPER23]

TYSM

[LVPMS]

Excellent