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8 September, 16:33

If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X is 5Y, then the opportunity cost of producing the 201st unit of good is X is most likely to be

a. less than 5Y.

b. more than 1/5Y but less than 5Y.

c. more than 5Y

d. less than 1/5Y but more than zero.

e. none of the above

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  1. 8 September, 18:19
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    C) more than 5Y

    Explanation:

    the opportunity cost of producing 101 units of X = 5 units of Y

    if the opportunity costs increase as the number of units produced increases, then the opportunity cost of producing 201 units of X will be more than 5 unit of Y. This is simply because 5 units of Y was the opportunity cost of producing 101 units of X and the opportunity costs are increased.
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