On a Bowed-Out Production Possibilities Frontier Showing Possible Output Levels

question 154

Multiple Choice

On a bowed-out production possibilities frontier showing possible output levels of Good A and good B,the opportunity cost of producing the first 10 units of Good A will usually be:

• A)the same as the opportunity cost of producing the next 10 units of Good A.
• B)lower than the opportunity cost of producing the next 10 units of Good A.
• C)greater than the opportunity cost of making the next 10 units of Good A.
• D)10 units of Good A.
• E)10 units of Good B.