The opportunity cost of increasing production of good A from 1 unit to 2 units is the loss of

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Lewis Schmidt

Business

24 January, 03:15

The opportunity cost of increasing production of good A from 1 unit to 2 units is the loss of

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Tyshawn Ferrell · Answer 1

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.