The Opportunity Cost of a Good Increases as More of It

question 243

Multiple Choice

The opportunity cost of a good increases as more of it is produced because

• A) there is no such thing as a free lunch.
• B) resources are not equally productive in all activities.
• C) producing more of a good requires additional resources.
• D) the number of forgone alternatives also increases.
• E) people want the good less as more is produced.

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Definitions:

Valpak

A company that specializes in local and national digital and print advertising, known for distributing coupons and promotional offers through direct mail.

Coupons

Promotional tools offering discounts or special deals on products or services, usually with an expiration date to encourage prompt usage.

Games of Chance

Activities or games where the outcome is strongly influenced by random factors or luck.

Sweepstakes

A type of contest or promotional drawing where winners are selected randomly from entries to receive prizes, often used for marketing purposes.