Author Question: On a production possibilities frontier showing possible output levels of good A and good B, the ... (Read 94 times)

sheilaspns

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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

Question 2

Because resources are not perfectly adaptable to the production of both good A and good B,
 a. the opportunity cost of A increases as production of A increases
  b. the opportunity cost of A decreases as production of A increases
  c. it is impossible for the economy to produce both A and B
  d. the opportunity cost of A is constant
  e. the opportunity cost of B is constant



dlook33

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Answer to Question 1

B

Answer to Question 2

A



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