The Law of Increasing Opportunity Cost Is Based on the Idea

Multiple Choice

The law of increasing opportunity cost is based on the idea that

A) wages tend to increase with the level of employment
B) interest rates tend to rise with increasing inflation
C) labor costs for a typical firm are a large and growing proportion of total cost
D) most resources are better suited to producing some goods than others
E) the less of something we produce,the greater is the opportunity cost of producing still more