Problem
1. Explain the law of increasing costs, using a numerical example.
2. Discuss the three concepts on which the law of increasing costs is based.
3. Practical Application: Underemployment of college graduates is a growing problem. If you were appointed to the board of trustees of your college, what measures would you suggest to alleviate this problem for the graduates of your school?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.