When the opportunity cost of producing laptops increases as more laptops are produced,then:

Question

Quizplus · Accepted Answer

The law of increasing costs states that as more units of a particular good are produced, the opportunity cost of producing that good increases. This means that in order to produce more laptops, society must sacrifice increasing amounts of other goods. Therefore, the production possibilities frontier (PPF) is curved, indicating that in order to produce more laptops, society must give up increasing amounts of other goods. Choice E is the best answer as it correctly identifies the presence of the law of increasing costs in this scenario.

When the Opportunity Cost of Producing Laptops Increases as More