When we look at a production possibilities curve, the opportunity cost can be understood as
A) The point of maximum production of one good
B) The amount of the other good that must be given up for one more unit of production
C) The total cost of producing the good
D) The price people will pay for the additional amount produced
B
Economics
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The aggregate supply curve is the total quantity of
A) raw materials offered for sale at different inflation rates. B) final goods and services offered for sale at the current inflation rate. C) final goods and services offered for sale at different inflation rates. D) intermediate and final goods and service offered for sale at different inflation rates.
Economics
Membership in unions decreased rapidly in the 1980s
Indicate whether the statement is true or false
Economics