Purchase Solution

Production Possiblities Frontier

Not what you're looking for?

Ask Custom Question

7. When moving along a production possibilities frontier, the opportunity cost to society of obtaining more of one of the two goods:
A) is measured in dollar terms.
B) usually decreases as more of the good is produced.
C) is measured by the amount of the other good that must be given up.
D) is measured by the additional resources that must be used to produce the good.
E) is usually constant.

Purchase this Solution

Solution Summary

Production possibilities frontiers are examined.

Purchase this Solution

Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.