While moving on the production possibilities frontier, if the opportunity cost of producing one good is 1/2, the opportunity cost of producing the other good (in the same range) is
A) 1/2.
B) 2.
C) 4.
D) 1/4.
E) An amount that cannot be calculated without more information.

Question

Quizplus · Accepted Answer

The opportunity cost of producing the other good is the reciprocal of the first, so if the opportunity cost of one good is 1/2, the opportunity cost of the other is 2.

While Moving on the Production Possibilities Frontier, If the Opportunity