According to the Principle of Increasing Opportunity Cost, in expanding the production of any good, we should start by utilizing the resources that:
A)we have the most of.
B)we have the least of.
C)have the highest opportunity cost.
D)have the lowest opportunity cost.

Question

Quizplus · Accepted Answer

The Principle of Increasing Opportunity Cost stats that in expanding the production of any good, we should first employ those resources that have the lowest opportunity cost, and only afterwards turn to resources with higher opportunity costs.

According to the Principle of Increasing Opportunity Cost, in Expanding