Title: Which best describes how specialized producers decrease their opportunity costs?
Headings: Which best describes how specialized producers decrease their opportunity costs?
Which best describes how specialized producers decrease their opportunity costs?
Content: Which best describes how specialized producers decrease their opportunity costs? History
Luca Bentley
22 August, 03:56
Which best describes how specialized producers decrease their opportunity costs? Answers ( 2)
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Cara Fischer 22 August, 04:21
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I believe the answer is: by limiting the types of goods produced
Opportunity cost refers to the choice that has to be forfeited when we choose one option. When we limit the type of goods produced, the pool of option that available for us would also be decreased. This mean that there will be less opportunity cost crated when we choose from the options. Comment
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Yuliana Jones 22 August, 05:00
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What describes best how specialized producers decrease their opportunity costs is that when we have someone who is a specialized producer, he will have smaller opportunity costs because he is already someone who provides and caters for a very specific and niche market. Comment
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