law of increasing costs Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: law of increasing costs
law of increasing costs

corollary of the law of diminishing returns . As the productivity of a factor of production decreases due to increasing production, the cost of successive units produced must increase.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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