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

question 269

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:

Matter of Law

An issue that is determined by statutes, legal precedent, or constitution, rather than by the factual situation of a case.

Appellate Court

a court that has the authority to review and make changes to the decisions of lower courts.

Affirmed

In legal context, it means that a higher court has confirmed or upheld the decision of a lower court.

Motion for New Trial

A formal request to a court asking to nullify a jury's decision and grant a new trial due to errors or unfairness in the original trial.