The Law of Increasing Costs Indicates That

Multiple Choice

The law of increasing costs indicates that

A) as more goods are produced, the dollar cost of producing those goods increases
B) no matter how many goods you produce, costs tend to increase
C) the opportunity cost of producing a good increases as more of the good is produced
D) although total cost may increase as you produce more of a good, the opportunity cost of producing additional units of the good actually decreases
E) because you are able to adopt greater division of labor when producing more goods, the opportunity cost of producing a good increases as less of the good is produced