On a Graph of a Production Possibilities Frontier,opportunity Cost Is

question 38

Multiple Choice

On a graph of a production possibilities frontier,opportunity cost is represented by

• A)a point on the horizontal axis.
• B)a point on the vertical axis.
• C)a ray through the origin.
• D)the slope of the production possibilities frontier.
• E)the x-axis intercept.

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Definitions:

Liabilities

Financial obligations or debts that a business owes to others, which must be paid back in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing ownership interest.

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained by the other.

Manufacturing Business

A type of business that produces goods in large quantities using raw materials and machinery.