On a production possibilities frontier, the opportunity cost of one more unit of a commodity per time period is measured by the
A) monetary price of the commodity
B) amount of the other commodity that must be sacrificed
C) amount of unemployed resources that must be used
D) amount of satisfaction it gives consumers
E) amount of tax paid to government for production, sale, and use of the commodity
Correct Answer:
Verified
Q150: A production possibilities frontier can shift outward
Q151: An improvement in technology would
A)enable the economy
Q152: Exhibit 2-9 Q153: Which of the following would shift the Q154: A production possibilities frontier will shift inward![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents