On a Production Possibilities Frontier Showing Possible Output Levels of Good

question 131

Multiple Choice

On a production possibilities frontier showing possible output levels of good A and good B, the opportunity cost of producing the first 10 units of A will usually be

• A)the same as the opportunity cost of producing the second 10 units of A
• B)less than the opportunity cost of producing the second 10 units of A
• C)greater than the opportunity cost of making the second 10 units of A
• D)10 units of A
• E)10 units of B

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Definitions:

Moral Action

An action undertaken based on a sense of right and wrong, reflecting ethical considerations and values.

Happiness

A state of well-being and contentment characterized by emotional, psychological, and/or physical fulfillment.

Categorical Imperative

A foundational concept in Kantian ethics that dictates an action is morally required if it is based on a principle that a person would want all others to follow universally.