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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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Edward Liu
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® 2025 Level I Curriculum, Volume 1, Module 1.