If Production Involves Increasing Opportunity Cost, Then on the Production

question 195

Multiple Choice

If production involves increasing opportunity cost, then on the production possibilities frontier, moving to a point closer to the horizontal axis will increase the opportunity cost of

• A)the good that is shown on the horizontal axis.
• B)the good that is shown on the vertical axis.
• C)both of the goods shown on the axes.
• D)neither of the goods shown on the axes.

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