The opportunity cost of producing more of one good on a production possibilities frontier is
A)a ratio of prices.
B)a dollar amount.
C)equal to the area inside the production possibilities frontier.
D)a ratio of quantities.
E)a theoretical concept which cannot be measured.

Question

Quizplus · Accepted Answer

The opportunity cost on a production possibilities frontier is represented by the slope of the frontier, which is a ratio of the quantities of the two goods being compared.

The Opportunity Cost of Producing More of One Good on a Production