Which of the following is most likely to have declining opportunity costs?
A)A delivery van.
B)An apartment building in Manhattan.
C)An acre of land in San Francisco.
D)A park in downtown London.

Question

Quizplus · Accepted Answer

A delivery van is a man-made object that can be replicated easily, making it unlikely to have increasing opportunity costs. As technologies advance, it becomes cheaper and easier to produce vehicles, resulting in declining opportunity costs. On the other hand, the other options are physical locations that are limited in availability, making them more likely to have increasing opportunity costs as demand for them increases.

Which of the Following Is Most Likely to Have Declining