If there is increasing opportunity cost, then when moving downward on a production possibilities frontier, the opportunity cost of the good on the horizontal axis _{--------------------}as more of the good is produced. A)increases and the PPF gets steeper B)does not change and the PPF gets steeper C)increases and the PPF gets flatter D)decreases and the PPF gets flatter E)decreases and the PPF gets steeper

Question

Quizplus · Accepted Answer

In the case of increasing opportunity cost, as more of a good is produced, the opportunity cost of producing additional units increases, making the PPF steeper.

If There Is Increasing Opportunity Cost, Then When Moving Downward