On a Diagram of a Production Possibilities Boundary,the Concept of Opportunity

question 55

Multiple Choice

On a diagram of a production possibilities boundary,the concept of opportunity cost is illustrated by the

• A)distance from the origin to the boundary.
• B)negative slope of the boundary.
• C)boundary being concave to the origin.
• D)unattainable points outside the boundary.
• E)area bounded by the two axes and the boundary.

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Definitions:

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