While Moving on the Production Possibilities Frontier,if the Opportunity Cost

question 196

Multiple Choice

While moving on the production possibilities frontier,if the opportunity cost of producing one good is 1/2,the opportunity cost of producing the other good (in the same range) is

• A) 1/2.
• B) 1/4.
• C) 2.
• D) 4.
• E) an amount that cannot be calculated without more information.

---

Definitions:

Property Plant and Equipment

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming year.

Total Assets

The sum of all resources owned by a company as reflected on the balance sheet, including both current and non-current assets.

Accumulated Depreciation

Accumulated depreciation represents the total depreciation expense assigned to a fixed asset over its useful life, reducing its book value.

Investments

Assets purchased with the expectation that they will generate income or appreciate in the future.