Fill in the blanks to complete the sentence about the law of increasing opportunity cost. Drag word(s) below to fill in the blank(s) in the passage. According to the law of increasing opportunity cost, as a societymore and more of a certain good, further production involve ever-greater opportunity costs, so that producing the good is associated with greater and greater

Answer and Explanation:

The law of increasing opportunity cost refers to the law in which the way of increasing the opportunity cost described at that case when there are applied resources

Now

If the cost of opportunity rises as per the law, the society produced more and more goods i.e. certain further the production rises and also involved the ever greater cost of opportunity with greater and greater trade offs or opportunity cost

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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