According to the law of increasing opportunity cost

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According to the law of increasing opportunity cost,

a. production points outside the production possibility frontier are unattainable

b. the production possibility frontier becomes flatter as production increases along the horizontal axis

c. the opportunity cost of producing a good rises as production of that good falls

d. production points inside the production possibility frontier are unattainable

e. the opportunity cost of producing a good rises as production of that good rises

Reference no: EM13732559

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