Increasing opportunity cost occurs along a production possibilities frontier because

Question

Quizplus · Accepted Answer

Increasing opportunity cost occurs along a production possibilities frontier because resources are not equally productive in all activities. This means that as production shifts from one product to another, more and more of the second product must be given up to produce additional units of the first product, reflecting the varying efficiencies of resources in different uses.

Increasing Opportunity Cost Occurs Along a Production Possibilities Frontier Because