With the same cost structure for a 500 square foot driveway repair, the cost per square foot would be $300 + 500*$5 = $2800, or $5.60 per square foot. As you can see, the size of the job has a significant cost on the unit price (price per square foot). The alternative to concrete leveling is concrete replacement.ith the same cost structure for a 500 square foot driveway repair, the cost per square foot would be $300 + 500*$5 = $2800, or $5.60 per square foot. As you can see, the size of the job has a significant cost on the unit price (price per square foot). The alternative to concrete leveling is concrete replacement.
What does law of increasing opportunity cost express? Answer . The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. â¦ This law is responsible for the bowed shape of the production possibilities curve.
Opportunity Costs, Explicit Costs and Implicit costs. The opportunity cost of an asset (or, more generally, of a choice) is the highest valued opportunity that must be passed up to allow current use. Opportunity cost ia also called economic opportunity loss. Example â I have a TV and VCR.