If We Assume Only One Factor (Labor), We Can Demonstrate

question 20

Multiple Choice

If we assume only one factor (labor) , we can demonstrate on the PPF the opportunity cost of producing less of one good and more of the other good by:

• A) taking the sum of the marginal products of labor for the two goods.
• B) taking the difference of the marginal products of labor for the two goods.
• C) taking the ratio of the marginal products of labor for the two goods.
• D) taking the average of the marginal products of labor for the two goods.

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