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QUESTION
Which of the following is the underlying reason for the law of increasing opportunity cost?
Which of the following is the underlying reason for the law of increasing opportunity cost?
A. Higher prices cause production of all goods to increase.B. Capital goods cannot be divided into smaller units.C. Resources are scarce.D. Resources are not equally suited to the production of all goodsE.
Managerial inefficiency results in dis-economies of scale.
