Refer to the Following Figure to Answer the Questions That

question 58

Multiple Choice

Refer to the following figure to answer the questions that follow.

-Which statement best describes the opportunity cost evident in the production possibilities frontier (PPF) for the corresponding figure?

• A) The law of increasing relative cost applies because the PPF is a straight line.
• B) The law of increasing relative cost applies because the PPF is bowed outward.
• C) The opportunity cost is constant because the PPF is a straight line.
• D) The opportunity cost is constant because the PPF is bowed outward.
• E) The opportunity cost decreases because the line has a negative slope.

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Definitions:

Performance Levels

The standards or benchmarks used to measure the effectiveness or efficiency of a process, activity, or individual.

Self-Oriented Role

A role focused on the individual's own interests and needs.

Team-Maintenance Role

A role within a team focused on maintaining harmonious relationships and a positive working environment among team members.

Task-Facilitating Role

A role within a group or team aimed at helping achieve its objectives through specific actions and support.