Explore BrainMass
Share

Explore BrainMass

    Production Possiblities Frontier

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com October 9, 2019, 3:59 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/production-possibilities-frontier-19081

    Solution Summary

    Production possibilities frontiers are examined.

    $2.19