________ opportunity cost implies that as more resources are applied to producing one good, that production increases by smaller and smaller amounts.
A)Increasing
B)Decreasing
C)Constant
D)Negative

Question

Quizplus · Accepted Answer

Increasing opportunity cost implies that as more resources are devoted to producing one good, the forgone production of another good increases by larger amounts. This concept reflects the law of increasing opportunity costs, which states that to produce more of one good, a larger amount of the other good must be sacrificed, leading to less efficient production increments.

________ Opportunity Cost Implies That as More Resources Are Applied