Figure 2-6

-Refer to Figure 2-6. Consider the production possibilities frontier for an economy that produces only sofas and cars. When society moves from point A to point B,
A)the opportunity cost is the same as when society moves from point B to point C.
B)it is giving up cars to get sofas.
C)the opportunity cost is increasing.
D)it moves from an inefficient point to an efficient point.

Question

Figure 2-6
 
-Refer to Figure 2-6. Consider the production possibilities frontier for an economy that produces only sofas and cars. When society moves from point A to point B,
A)the opportunity cost is the same as when society moves from point B to point C. 
B)it is giving up cars to get sofas. 
C)the opportunity cost is increasing. 
D)it moves from an inefficient point to an efficient point.

Quizplus · Accepted Answer

The Answer of Figure 2-6
 
-Refer to Figure 2-6. Consider the production possibilities frontier for an economy that produces only sofas and cars. When society moves from point A to point B,
A)the opportunity cost is the same as when society moves from point B to point C. 
B)it is giving up cars to get sofas. 
C)the opportunity cost is increasing. 
D)it moves from an inefficient point to an efficient point.

Figure 2-6 -Refer to Figure 2-6. Consider the Production Possibilities Frontier for Production