The Law of Increasing Opportunity Cost Means That

Multiple Choice

The law of increasing opportunity cost means that:

A) higher wages, rents, and interest will increase opportunity costs.
B) opportunity cost will decrease the more you decide to produce more of one good along a production possibilities curve.
C) opportunity cost increases when you produce more of one good while moving along a production possibilities curve.
D) costs of production decrease at first, but then eventually rise.