The law of increasing opportunity costs states that Multiple Choice f the prices

Question

The law of increasing opportunity costs states that Multiple Choice f the prices of all the resources used to produce goods increase, the cost of producing any particular good will increase at the same rate. If society wants to produce more of a particular good. it must sacrifice larger and larger amounts of another good to do so. if the sum of the costs of producing a particular good rises by a specified percent the price of that good must rise by a greater relative amount the sum of the costs of producing a particuiar good cannotrise above the current market Price of that good

Explanation / Answer

The law of increasing opportunity costs states that if society wants to produce more of a particular good, the cost of producing any particular good will increase at the same rate. So the correct answer is B.

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