Question

The law of increasing opportunity costs states that
A) along a production possibilites curve, increases in the production of one good make the production of that good easier and easier
B) increases in wages cause increases in the costs of production
C) costs of production increases and then decreases
D) along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good

Answer 1

HEYA Mate!!

Option D is the right one

Answer 2

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D) along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good.


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