Suppose that,in a PPF graph,wheat is on the vertical axis and jets are on the horizontal axis.Moving down along the PPF,the
A)number of jets increases and the opportunity cost of jets decreases.
B)amount of wheat increases and the opportunity cost of wheat increases.
C)amount of wheat increases and the opportunity cost of wheat decreases.
D)number of jets increases and the opportunity cost of jets increases.
E)opportunity cost of jets and wheat both increase.

Question

Quizplus · Accepted Answer

Moving down along the PPF, more jets are produced, and typically, the opportunity cost of producing additional jets increases as resources are reallocated from wheat production, which is less efficient for jet production.

Suppose That,in a PPF Graph,wheat Is on the Vertical Axis