Which statement best reflects the law of increasing opportunity cost?

Question

Quizplus · Accepted Answer

The law of increasing opportunity cost states that as production of a good increases, the opportunity cost of producing an additional unit rises. This is because resources are not perfectly substitutable; some are better suited for producing certain goods than others. As the more suitable resources are used up, less suitable ones must be used, increasing the cost of production.

Which Statement Best Reflects the Law of Increasing Opportunity Cost