Refer to the Diagram Below

question 7

Multiple Choice

Refer to the diagram below.This production possibilities curve is constructed such that:

• A)resources are presumed to be perfectly shiftable between bread and tractors.
• B)the opportunity cost of bread diminishes as more bread is produced.
• C)the opportunity cost of tractors diminishes as more bread is produced.
• D)the opportunity cost of both bread and tractors in terms of each other increases as more of each is produced.