Increasing marginal opportunity cost means that the production possibility curve is:
A) bowed in so that for every additional unit of one good given up, you get fewer and fewer units of the other good.
B) bowed in so that for every additional unit of one good given up, you get more and more units of the other good.
C) bowed out so that for every additional unit of a good given up, you get fewer and fewer units of the other good.
D) bowed out so that for every additional unit of one good given up, you get more and more units of the other good.

Question

Quizplus · Accepted Answer

Increasing marginal opportunity cost implies that as you produce more of one good, you must give up increasingly larger amounts of the other good, resulting in a bowed-out production possibility curve.

Increasing Marginal Opportunity Cost Means That the Production Possibility Curve