-Table 3-2 The concept of opportunity cost can be represented graphically by the
A)area inside the production possibilities frontier.
B)slope of the production possibilities frontier.
C)vertical distance from the horizontal axis to the production possibilities frontier.
D)horizontal distance from the vertical axis to the production possibilities frontier.
E)sum of the horizontal and vertical distances to the production possibilities frontier.

Question

-Table 3-2 The concept of opportunity cost can be represented graphically by the
A)area inside the production possibilities frontier. 
B)slope of the production possibilities frontier. 
C)vertical distance from the horizontal axis to the production possibilities frontier. 
D)horizontal distance from the vertical axis to the production possibilities frontier. 
E)sum of the horizontal and vertical distances to the production possibilities frontier.

Quizplus · Accepted Answer

The slope of the production possibilities frontier represents the opportunity cost, as it shows the trade-off between the production of two goods.

-Table 3-2 the Concept of Opportunity Cost Can Be Represented