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.
The opportunity cost of the third unit will be greater. than that of the second unit. And so forth. Economists use the word marginal instead of the. word additional or change in. So we say that, as more units of anything are chosen, the marginal. opportunity cost of an additional unit increases. Let us illustrate increasing marginal opportunity cost with an example: your choice of the. number of classes to take this term. Assume that your first choice is Principles of. Microeconomics.