Consider a PPF for Tapes and Soda

question 419

Multiple Choice

Consider a PPF for tapes and soda. If the opportunity cost of a tape increases as the quantity of tapes produced increases and also the opportunity cost of a soda increases as the quantity of soda produced increases, then the PPF between the two goods will be

• A) a straight, upward- sloping line.
• B) bowed outward.
• C) a straight, downward- sloping line.
• D) All of the above are possible and more information is needed to determine which answer is correct.

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