If we assume only one factor (labor), we can
Demonstrate on the PPF the opportunity cost of
Producing less of one good and more of the other good
By:
A)taking the sum of the marginal products of labor for the two goods.
B)taking the difference of the marginal products of labor for the two goods.
C)taking the ratio of the marginal products of labor for the two goods times -1.
D)taking the average of the marginal products of labor for the two goods.

Question

Quizplus · Accepted Answer

The opportunity cost on a PPF is demonstrated by the slope, which is the negative ratio of the marginal products of labor for the two goods.

If We Assume Only One Factor (Labor), We Can