use the figure below to answer the following questions :

-As we move from points N to M to L,the opportunity cost of additional apple pie
A) decreases due to the law of increasing relative cost.
B) increases due to the law of increasing relative cost.
C) decreases due to the law of normative economics.
D) increases due to the law of marginal analysis.
E) decreases due to enhancements in technology.

Question

use the figure below  to answer the following questions :

-As we move from points N to M to L,the opportunity cost of additional apple pie
A) decreases due to the law of increasing relative cost. 
B) increases due to the law of increasing relative cost. 
C) decreases due to the law of normative economics. 
D) increases due to the law of marginal analysis. 
E) decreases due to enhancements in technology.

Quizplus · Accepted Answer

According to the graph, as we move from points N to M to L, the slope of the curve (representing the opportunity cost) becomes steeper, indicating that the opportunity cost of additional apple pie is increasing. This is in line with the law of increasing relative cost, which states that as the production of a good increases, the opportunity cost of producing an additional unit usually increases as well. Therefore, the best choice is B.

Use the Figure Below to Answer the Following Questions