.

Consequently, which PPF reflects increasing opportunity costs?

When the frontier line itself moves, economic growth is under way. And finally, the curved line of the frontier illustrates the law of increasing opportunity cost meaning that an increase in the production of one good brings about increasing losses of the other good because resources are not suited for all tasks.

One may also ask, why do opportunity cost increase as society produces more of a good? All resources are scarce. Any time a scarce resource is used in one way, the opportunity to use the resource in other ways is given up. It has this shape because opportunity costs increase as society produces more of a good.

In this manner, why does marginal opportunity cost increase?

The term marginal cost refers to the opportunity cost is an economic term that analyzes the effect of producing one more additional unit of a good. As you increase production of one good, the opportunity cost to product an additional good will increase. This is because of law of increasing opportunity cost.

What is the relationship between PPC and opportunity cost?

when the opportunity cost of a good remains constant as output of the good increases, which is represented as a PPC curve that is a straight line; for example, if Colin always gives up producing 2 fidget spinners every time he produces a Pokemon card, he has constant opportunity costs.