Due to the severity of fire loss cited above, the homeowner should be paid the full amount of the policy limit for Coverage A- Dwelling, $133,000.00. This would be illegal. 1) According to the law of increasing additional cost, the opportunity cost of producing A. cotton is likely to remain constant as society tries to produce more cotton. B. cotton is likely to decrease as society tries to produce more cotton. 2) Who got raises--and who didn't get--is based on illegal discrimination, such as against an employee due to his or her race, sex, religion, disability status, or age over 40. D. cotton is likely to increase as society tries to produce more lemons. Coverage D - Additional Living Expenses - $13,300.00 Additional/Other Coverages Debris Removal - $6,650.00 Law or Ordinance - $33,250.00 (25% Coverage A. Substantial concessional financing is required to cover the additional costs and risks of energy efficiency and renewable energy. The law of increasing costs states that when production increases so do costs. This happens when all the factors of production are at maximum output. False B. Incremental costs by definition related to the additional costs of making a change, such as increasing the level of activity adding a new product line. The best way to look at this is to review an example of an economy that only produces two things - cars and oranges. True The law of increasing additional cost is represented by a production possibilities curve. Therefore, if your production rises from, for example, 100 to 200 units a day, costs will increase. In other areas, if there are many fewer cases, costs … The factors of production are the elements we use to produce goods and services. C) the production possibilities curve will be a straight line. He thinks his clients in New York, which is being particularly hard hit by the virus, could see additional costs of 4 to 5 percent. A. the additional work must unavoidably entail an increase in the cost of construction; the Contractor promptly notified the Customer in writing regarding the need for additional … As production increases, the opportunity cost does as well. Limit) Mold/Fungi - $10,000.00. A. Because costs are constantly on the rise due to inflation, most HOA’s annual budgets require annual increases. 17. Ordinance or Law Coverage can help protect you from increased costs due to these regulations. In economics, the law of increasing costs is a principle that states that once all factors of production (land, labor, capital) are at maximum output and efficiency, producing more will cost more than average. C. cotton is likely to decrease as society tries to produce more lemons. As a result, most HOAs need to collect more from the owners in dues each year. B) producing additional units of one good results in increasing amounts of lost output of the other good. 38) The law of increasing opportunity cost implies that A) producing additional units of one good results in proportionately smaller reductions in output of the other good. A landlord may also file a Petition for Approval of a Utility Passthrough if costs for gas and electricity increase. Most homeowners policies will limit the amount of coverage for the following additional increased costs caused by adherence to current laws and ordinances. The law of increasing additional cost shows that the opportunity cost of additional units of a good generally increases as people attempt to produce more units of that good. If a landlord experiences an increase in the costs of operating the building due to additional tenants, the landlord may file a petition for a rent increase based on an increase in operating and maintenance expenses. 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