Q:
      
      
         
            
The law of increasing opportunity costs states that
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: D) along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good         
         
Explanation: Opportunity cost is the cost of other alternative choices for making your interested choice of work. Oppurtunity cost is also called as alternative cost.
For example on a holiday, you have two choices to do, either you can go to movie or a function. And if you chose to go to moavie, the oppurtunity cost of going to movie is the value that would have gotten if you had gone to function.
 
The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.
       
      
      
      
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