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.
However, as marginal costs increase due to the law of diminishing returns, the marginal cost of production will eventually be higher than the average total cost and the average cost will begin to increase.