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FIGURE 2-2 -Refer to Figure 2-2. Which of the Following Statements Best

Question 29

Multiple Choice

FIGURE 2-2
FIGURE 2-2 -Refer to Figure 2-2. Which of the following statements best describes the opportunity cost of producing an additional cake? A) It increases as the economy moves in a southeast direction along the production possibilities curve. B) It decreases as the economy moves in a southeast direction along the production possibilities curve. C) It remains constant as the economy moves in a southeast direction along the production possibilities curve. D) It equals zero.
-Refer to Figure 2-2. Which of the following statements best describes the opportunity cost of producing an additional cake?


A) It increases as the economy moves in a southeast direction along the production possibilities curve.
B) It decreases as the economy moves in a southeast direction along the production possibilities curve.
C) It remains constant as the economy moves in a southeast direction along the production possibilities curve.
D) It equals zero.

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