Because of the problem of scarcity, the choice to produce: a. less of one good requires producing more of every other good. b. some of any good requires producing none of any other good. c. more of every good is feasible. d. more of one good requires producing less of another good.

Teatro restoration, inc., begins renovating an old theater for urban edge productions, but after three months teatro demands an extra $250,000. urban edge agrees to pay. refer to fact pattern 13–4. if teatro says it is asking for the extra $250,000 because it has encountered extraordinary unforeseen difficulties that will add considerable cost to the project, the agreement is