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Basic Question 5 of 29
When you produce wheat, it is relatively inexpensive to produce it initially, but per unit costs tend to increase as more is produced. This is an example of ______.
B. decreasing marginal opportunity costs
C. constant marginal opportunity costs
A. increasing marginal opportunity costs
B. decreasing marginal opportunity costs
C. constant marginal opportunity costs
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2024 Level I Curriculum, Volume 1, Module 1.