Along a straight-line production possibilities curve, which of the following best describes the opportunity costs of producing the good on the X-axis?

Question

Quizplus · Accepted Answer

Along a straight-line production possibilities curve, the opportunity cost of producing the good on the X-axis remains constant. This means that the resources used to produce more of one good can be shifted easily to produce more of the other good, without any change in the cost of production. Therefore, the opportunity cost of producing one good in terms of the other remains the same as we move along the curve.

Along a Straight-Line Production Possibilities Curve, Which of the Following