Constant and Increasing Opportunity Costs
Which of the following best explains the difference between constant opportunity costs and increasing opportunity costs?
A
Constant opportunity costs occur when resources are perfectly substitutable, increasing costs when they are not.
B
Constant opportunity costs apply to short-term decisions, increasing costs to long-term planning.
C
Constant opportunity costs are seen in market economies, increasing costs in centrally-planned economies.
D
Constant opportunity costs relate to capital goods, increasing costs to consumer goods.
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