Business, 18.04.2021 08:50, dheydar9377
As we produce more of one good, economists think that we must give up increasing amounts
of another good. For example if car production is increased from 200 to 400 units, the
sacrifice (opportunity cost) in terms of the other good will be less than when car production
is increased from 400 to 600 units. Why wouldn't opportunity costs stay the same? In other
words, shouldn't an additional 200 cars cost the same regardless of whether car production
increases from 200 to 400, or 400 to 600?
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As we produce more of one good, economists think that we must give up increasing amounts
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