For the following question(s), use the accompanying table.
Table 3-2

-Refer to Table 3-2.We could use the information in the table to draw a production possibilities frontier for Helen and a second production possibilities frontier for Carolyn.If we were to do this,measuring dresses along the horizontal axis,then
A)the slope of Helen's production possibilities frontier would be -0.2 and the slope of Carolyn's production possibilities frontier would be -0.5.
B)the slope of Helen's production possibilities frontier would be -5 and the slope of Carolyn's production possibilities frontier would be -2.
C)the slope of Helen's production possibilities frontier would be 0.2 and the slope of Carolyn's production possibilities frontier would be 0.5.
D)the slope of Helen's production possibilities frontier would be 5 and the slope of Carolyn's production possibilities frontier would be 2.

Question

For the following question(s), use the accompanying table.
Table 3-2
 
-Refer to Table 3-2.We could use the information in the table to draw a production possibilities frontier for Helen and a second production possibilities frontier for Carolyn.If we were to do this,measuring dresses along the horizontal axis,then
A)the slope of Helen's production possibilities frontier would be -0.2 and the slope of Carolyn's production possibilities frontier would be -0.5. 
B)the slope of Helen's production possibilities frontier would be -5 and the slope of Carolyn's production possibilities frontier would be -2. 
C)the slope of Helen's production possibilities frontier would be 0.2 and the slope of Carolyn's production possibilities frontier would be 0.5. 
D)the slope of Helen's production possibilities frontier would be 5 and the slope of Carolyn's production possibilities frontier would be 2.

Quizplus · Accepted Answer

The slope of a production possibilities frontier is equal to the opportunity cost of the good measured along the horizontal axis. In this case, the horizontal axis is measuring dresses. For Helen, the opportunity cost of producing one more dress is giving up 0.2 blouses, so the slope of her production possibilities frontier would be -0.2. For Carolyn, the opportunity cost of producing one more dress is giving up 0.5 blouses, so the slope of her production possibilities frontier would be -0.5.

For the Following Question(s), Use the Accompanying Table