If We Assume Only One Factor (Labor), We Can

question 50

Multiple Choice

If we assume only one factor (labor) , we can
Demonstrate on the PPF the opportunity cost of
Producing less of one good and more of the other good
By:

• A)taking the sum of the marginal products of labor for the two goods.
• B)taking the difference of the marginal products of labor for the two goods.
• C)taking the ratio of the marginal products of labor for the two goods times -1.
• D)taking the average of the marginal products of labor for the two goods.

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