The Principle of Increasing Opportunity Costs States That

Multiple Choice

The Principle of Increasing Opportunity Costs states that:

A) productive people do the hardest tasks first.
B) when increasing production, resources with the lowest opportunity costs should be used first.
C) when increasing production, resources with the lowest opportunity costs should be used last.
D) opportunity costs increase when too little is produceD.This principle is also known as the Low­Hanging­Fruit Principle: take advantage of your least­cost opportunities first.