If a production possibility frontier is a straight line, it tells us that the opportunity cost of producing one more unit of good X:
A) is an increasing amount of good Y.
B) is a decreasing amount of good Y.
C) is equal to the inverse of the amount of good Y.
D) is a constant amount of good Y.
Correct Answer:
Verified
Q69: The production possibility frontier illustrates:
A)the maximum quantity
Q69: Use the following to answer questions:
Figure: Tom's
Q71: Use the following to answer questions:
Figure: Tom's
Q72: Use the following to answer questions:
Figure: Tom's
Q73: Use the following to answer questions :
Q75: Use the following to answer questions:
Figure: Tom's
Q76: Use the following to answer questions:
Figure: Tom's
Q77: An inward shift in the U.S. economy's
Q78: If the production possibility frontier is a
Q79: Use the following to answer questions:
Figure: Tom's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents