On the production possibilities frontier, the opportunity cost of producing one more unit of a commodity per period is measured by the _____
A) monetary price of the commodity.
B) amount of the other commodity that must be sacrificed.
C) amount of unemployed resources that must be used.
D) amount of satisfaction it gives consumers.
E) amount of tax paid to the government for the production, sale, and use of the commodity.
Correct Answer:
Verified
Q82: As resources are not perfectly adaptable to
Q98: The law of increasing opportunity cost reflects
Q134: Exhibit 2.2 Q137: Which of the following would cause an Q138: Which of the following would shift the Q140: Exhibit 2.4 Q141: An economic system _ Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
A) must choose socialism