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According to the Principle of Increasing Opportunity Cost, Expanding Production

Question 71

Multiple Choice

According to the principle of increasing opportunity cost, expanding production requires using resources in which order?


A) In random order.
B) Starting with the resource with the highest opportunity cost and progressing to the lower opportunity cost resources.
C) Starting with the resource closest to the average opportunity cost, then progressing to higher opportunity cost resources.
D) Starting with the resource with the lowest opportunity cost and proceeding to the higher opportunity cost resources.

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