AP® Macroeconomics

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Law of Increasing Opportunity Costs

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According to the law of increasing opportunity costs,

A

the cost of production initially decreases then increases.

B

increased costs of production lowers the potential of making a profit.

C

decreasing the production of one type of good will require more and more sacrifices of the other good.

D

increasing the production of one type of good will require less and less sacrifices of the other good.

E

increasing the production of one type of good will require more and more sacrifices of the other good.