Which one of the following concepts is not illustrated by a production possibilities frontier?
A)the tradeoff between producing one good versus another
B)attainable and unattainable points
C)opportunity cost
D)marginal benefit
E)scarcity

Question

Quizplus · Accepted Answer

A production possibilities frontier illustrates the tradeoff between producing one good versus another, attainable and unattainable points, opportunity cost, and scarcity. However, it does not illustrate marginal benefit, which is a concept related to the consumption of goods and services, not their production.

Which One of the Following Concepts Is Not Illustrated by a Production