If a Production Possibility Frontier Is a Straight Line,it Tells

question 49

Multiple Choice

If a production possibility frontier is a straight line,it tells us that the opportunity cost of producing one more unit of good X is:

• A)an increasing amount of good Y.
• B)a decreasing amount of good Y.
• C)equal to the inverse of the amount of good Y.
• D)a constant amount of good Y.

---

Definitions:

Machine Hours

A measure of production output or usage expressed in terms of the total hours that machines are operated within a specified period.

Fixed Proportion

A production scenario where inputs must be used in specific, unchangeable ratios to produce output, often resulting in a limitation on the flexibility of the production process.

Isoquant Map

A graphical representation showing different combinations of inputs that produce the same level of output.

Curves

In various contexts, it refers to graphical representations that show a relationship between two or more variables or factors.