which statement reflects the law of increasing opportunity costs? a) the opportunity cost of producing a…

which statement reflects the law of increasing opportunity costs? a) the opportunity cost of producing a good decreases as more of it is produced. b) the opportunity cost of producing a good remains constant as more of it is produced. c) the opportunity cost of producing a good increases as more of it is produced. d) the opportunity cost of producing a good is unrelated to the quantity produced.

which statement reflects the law of increasing opportunity costs? a) the opportunity cost of producing a good decreases as more of it is produced. b) the opportunity cost of producing a good remains constant as more of it is produced. c) the opportunity cost of producing a good increases as more of it is produced. d) the opportunity cost of producing a good is unrelated to the quantity produced.

Answer

Brief Explanations:

The law of increasing opportunity costs states that as more of a good is produced, the opportunity cost of producing an additional unit of that good increases. This is due to resources not being equally suited to all types of production.

Answer:

c) The opportunity cost of producing a good increases as more of it is produced.