A production possibilities frontier is negatively sloped because
A) the quantity of a good purchased decreases as its price falls.
B) there is too little capital in the economy.
C) opportunity cost of production increases as more of a good is produced.
D) some resources are misallocated.
E) opportunity cost of production decreases as more of a good is produced.
Correct Answer:
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Q14: Q15: A medical clinic employs 10 workers.Each worker Q16: If Sam is producing at a point Q17: Production efficiency is achieved when Q18: If Sam is producing at a point Q20: On a graph of a production possibilities Q21: Use the figure below to answer the
A)the production possibilities
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