Increasing opportunity cost tends to occur if
A)management is disorganized.
B)markets do not equate money and opportunity cost.
C)production is inefficient.
D)resources are scarce.
E)resources are specialized.

Question

Quizplus · Accepted Answer

Increasing opportunity cost occurs when resources are specialized because as more of a good is produced, resources less suited to producing that good must be used, increasing the cost of producing additional units.

Increasing Opportunity Cost Tends to Occur If