-As we move from point A to B, to C, and finally to D in Exhibit B-2, the Law of Increasing Cost is reflected by the fact that the opportunity cost of swimming helmets

Question

Quizplus · Accepted Answer

The Law of Increasing Cost states that as production of one good increases, the opportunity cost to produce an additional unit of this good increases as well, because resources are not equally efficient in producing all goods. Thus, moving from A to D and producing more swimming helmets would reflect increasing opportunity costs.

-As We Move from Point a to B, to C