The Law of Increasing Opportunity Costs Indicates That

Multiple Choice

The law of increasing opportunity costs indicates that:

A) resources are perfectly mobile except for transportation costs.
B) the sum of all costs cannot rise above the market price of a product.
C) to produce more of one good,society must sacrifice larger and larger amounts of alternative goods.
D) if the prices of all the resources involved in the production of goods increase,the cost of producing those goods will increase at the same rate.