Production Possibilities Worksheet Answers - Resources are used to produce one or both of only two goods. This is a simplifying assumption that makes it. Web the opportunity cost of using scarce resources for one thing instead of something else is often represented in graphical form. The law of increasing costs means that as production shifts from one item to another, more and.
The law of increasing costs means that as production shifts from one item to another, more and. Web the opportunity cost of using scarce resources for one thing instead of something else is often represented in graphical form. This is a simplifying assumption that makes it. Resources are used to produce one or both of only two goods.