The Slope of a Production Possibility Curve Represents ________

question 177

Multiple Choice

The slope of a production possibility curve represents ________.

• A) the total cost of producing a given level of output
• B) the opportunity cost of producing one more unit of a good in terms of the forgone production of the other good
• C) the rate at which people in an economy would like to trade one good for another
• D) combinations of two goods that are not attainable with existing technology