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Title: oppertunity costs

Essay Details

Subject: Business
Author:
Date: January 5, 2003
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Grade:
Length: 4 / 1098
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

If an increase in production of Brand B goes from 0 to 3 bottles, the production of Brand A must be decreased by 3 bottles. In this case, the two products are almost identical and can be produced equally efficiently using the same resources. The opportunity cost of producing one over the other remain constant between the two extremes of the production possibilities...

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The opportunity cost of producing one over the other remain constant between the two extremes of the production possibilities. The difference in increasing constant opportunity costs is that constant opportunity costs change at the same rate of increase or decrease, because the products are similar...

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