The principle of increasing marginal opportunity costs states that the initial opportunity costs are:
A) high, but decrease the more you concentrate on the activity.
B) low, but increase the more you concentrate on the activity.
C) high, but increase the more you concentrate on the activity.
D) low, but decrease the more you concentrate on the activity.

Question

Quizplus · Accepted Answer

The principle of increasing marginal opportunity costs suggests that as you allocate more resources to an activity, the opportunity cost of each additional unit increases, starting from a low initial cost.

The Principle of Increasing Marginal Opportunity Costs States That the Initial