The Law of Increasing Opportunity Cost Says That

Multiple Choice

The law of increasing opportunity cost says that:

A) opportunity costs of production always tend to increase.
B) increases in wages cause increases in the opportunity costs of production.
C) as output increases for one good on its production possibilities curve, the opportunity cost of additional units of the other good will be greater and greater.
D) along a production possibilities curve, as output increases in the production of one good, the opportunity costs of additional units of the other good will be less and less.