-In the above figure, curve b shows the
A) benefits of producing more bicycles is greater than the benefits of producing more cola.
B) benefits of producing more cola is greater than the benefits of producing more bicycles.
C) bottles of cola that people must forgo to get another bicycle.
D) bottles of cola that people are willing to forgo to get another bicycle.

Question

-In the above figure, curve b shows the
A) benefits of producing more bicycles is greater than the benefits of producing more cola. 
B) benefits of producing more cola is greater than the benefits of producing more bicycles. 
C) bottles of cola that people must forgo to get another bicycle. 
D) bottles of cola that people are willing to forgo to get another bicycle.

Quizplus · Accepted Answer

Curve b in a production possibility frontier (PPF) typically represents the trade-off between producing two goods, in this case, bicycles and cola. The curve illustrates how many units of one good a society is willing to forgo to produce an additional unit of another good. Therefore, it shows the bottles of cola people are willing to forgo to get another bicycle.

-In the Above Figure, Curve B Shows the