According to the law of increasing opportunity cost,

Question

Quizplus · Accepted Answer

The law of increasing opportunity cost states that as society produces more of a good or service, the opportunity cost of producing that good or service increases. This occurs because resources are not perfectly adaptable to producing both goods or services, and as more resources are devoted to one good or service, the opportunity cost of producing additional units of that good or service increases. Therefore, Choice C is the correct answer.

According to the Law of Increasing Opportunity Cost