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If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 201st unit of good X is 6Y, then the opportunity cost of producing the 301st unit of good X is most likely to be___________.

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Answer:

more than 6Y.

Explanation:

Although the exact opportunity cost function is not specified in this case, it is extremely likely that the higher level of producing a good (301st unit) will yield higher opportunity cost than the lower level (201st unit). The exact opportunity cost reflects on the shape of the opportunity cost function as sometimes, it is not linear as it may be implied. However, the higher level of production does imply higher opportunity cost.

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