The concept of opportunity cost is illustrated in a production possibilities model by the:
A) area under the production possibilities curve.
B) area beyond the production possibilities curve.
C) possibility that the curve would shift to the right.
D) amount of one good that must be given up to get more of the other good while moving along the production possibilities curve.
Correct Answer:
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Q102: A production possibilities table or graph shows:
A)
Q103: A production possibilities curve shows:
A) the two
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