According to the law of increasing opportunity costs, A. The more one is willing to pay for
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A. The more one is willing to pay for resources; the smaller will be the possible level of production.
B. Increasing the production of a particular good will cause the price of the good to remain constant.
C. In order to produce additional units of a particular good, it is necessary for society to sacrifice increasingly larger amounts of alternative goods.
D. None of the choices are correct.
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C In order to produce additional units of a particular good it is necessary for society to sacrifice ...View the full answer
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