If There Is Increasing Opportunity Cost,then When Moving Downward on a Production

question 276

Multiple Choice

If there is increasing opportunity cost,then when moving downward on a production possibilities frontier,the opportunity cost of the good on the horizontal axis ________ as more of the good is produced.

• A) increases and the PPF gets steeper
• B) increases and the PPF gets flatter
• C) decreases and the PPF gets steeper
• D) decreases and the PPF gets flatter
• E) does not change and the PPF gets steeper

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Definitions:

Servers

Computers or computer programs that provide data, resources, or services to other computers, known as clients, over a network.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service.

Total Product

The overall quantity of goods or services produced by a firm or an economy over a specific period, often used to measure productivity.