Solved

Which of the Following Is an Illustration of the Law

Question 10

Multiple Choice

Which of the following is an illustration of the law of increasing opportunity costs?


A) As more cars are produced,the opportunity cost of each additional car is greater than for the preceding unit.
B) As more cars are produced,the opportunity cost of each additional car is less than for the preceding unit.
C) As more cars are produced,the opportunity cost of each additional car is the same as for the preceding unit.
D) People pay lower prices for cars the higher the costs of producing cars.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions