|
 | Can I ask you a question? | |
|
| Sure... | |
|
|
|
|
|
|
| What is the law of increasing costs? | |
|
| I think it's like... a principle that states that once all factors of production (land, labor, capital) are at maximum output and efficiency, producing more will cost more than average. As production increases, the opportunity cost does as well... | |
|
|
|
|
|
|
|
| .. but I don't know man, I'm just a monkey | |
|
|
|
|
|
