asked 81.9k views
0 votes
The opportunity cost of increasing production of good A from 1 unit to 2 units is the loss of

asked
User Pvc
by
8.5k points

1 Answer

3 votes

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.

answered
User Nhylated
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories