Iceland Produces Two Goods: Viking Hats (Y) and Fish (X)

Multiple Choice

Iceland produces two goods: Viking hats (Y) and fish (X) . Its production possibilities frontier is characterized as: Y = 50 - 2X and tells us that the opportunity cost of catching (producing) an additional unit of fish in Iceland is:

A) increasing in fish production.
B) constant in fish production.
C) decreasing in fish production.
D) unable to be determined from the information given.