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Unformatted text preview: given up (opportunity cost). If we increase the dollar value of agricultural goods and services from 1 to 2 units (an equal, incremental increase), you should notice that an increased amount of the dollar value of non-agricultural goods and services had to be sacrificed (increasing opportunity cost). To get the next unit of the dollar value of agricultural production, we have to give up more and more non-agricultural production....
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- Fall '10