If a production possibility frontier is a straight line, it tells us that the opportunity cost of producing one more unit of good X is:

A) an increasing amount of good Y.
B) a decreasing amount of good Y.
C) equal to the inverse of the amount of good Y.
D) a constant amount of good Y

Answer: D) a constant amount of good Y

Economics

You might also like to view...

Why does a penalty kicker in a soccer game use a mixed strategy?

What will be an ideal response?

Economics

Programs that require people to pay into a common pool and are in turn eligible to draw on benefits under certain circumstances are called:

A. equitable payment programs. B. social insurance programs. C. common insurance programs. D. social benefit programs.

Economics