If a Production Possibility Frontier Is Drawn Concave to the Origin

question 33

Multiple Choice

If a production possibility frontier is drawn concave to the origin with the quantity of shoes on the X-axis and the quantity of T-shirts on the Y-axis,a movement upward along the PPF reflects:

• A)an increasing opportunity cost of T-shirts.
• B)an increasing opportunity cost of both shoes and T-shirts.
• C)a decreasing opportunity cost of T-shirts.
• D)a decreasing opportunity cost of both shoes and T-shirts.