If there is increasing opportunity cost,then,when moving downward on a production possibilities frontier,the opportunity cost of the good on the horizontal axis ________ as more of the good is produced.
A)decreases and the PPF gets flatter
B)does not change and the PPF gets steeper
C)decreases and the PPF gets steeper
D)increases and the PPF gets flatter
E)increases and the PPF gets steeper

Question

Quizplus · Accepted Answer

When there is increasing opportunity cost, it means that to produce more of one good, increasingly larger amounts of the other good must be given up. Therefore, as more of the good on the horizontal axis is produced (moving downward on the PPF), the opportunity cost of producing that good increases, which means the slope of the PPF becomes steeper.

If There Is Increasing Opportunity Cost,then,when Moving Downward on a Production