Table 2-3 Production Possibilities for Footville

question 62

Multiple Choice

Table 2-3
Production Possibilities for Footville
-Refer to Table 2-3. Which of the following statements is correct?

• A)The opportunity cost of an additional 200 shoes is constant at 200 socks.
• B)The opportunity cost of an additional 200 shoes is constant at 300 socks.
• C)Footville's production possibilities frontier is a straight, downward-sloping line.
• D)The opportunity cost of an additional 200 shoes increases as more socks are produced.