2. What is the name of the law that states that as we shift factors of production from
making one good or service to another, the cost of producing the second item
increases?
A the law of efficient production
B the law of decreasing costs
C the law of increasing costs
D the law of effective production

answer:

C the law of increasing costs

Explanation:

The law of increasing costs states that when the production of a product increases, the costs also rise. They increase because when the production rises, you require more factors of production that are land, labor, capital and entrepreneurship.

answer: C the law of increasing costs (happy to help)

Explanation:

a. competition with other nations.