Which is not a reason for the existence of increasing opportunity costs? (A) Technology differs among countries (B) Inputs are not used in the same fixed proportion in production of all goods (C) Factors of production are not homogenous (D) For a country to produce more of a good, it must use resources that are less and less suited to the production of that good

UoH 2019 Question 91: Production and returns to scale

Which is not a reason for the existence of increasing opportunity costs?

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Production and returns to scale has come up 92 times in 6 exams since 2007.

This question is on Production possibilities and opportunity cost, part of Production and returns to scale in Microeconomics.

The frontier of feasible outputs, opportunity cost, and what shifts the frontier, including technological change.

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