Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown below. The Principle of Increasing Opportunity Cost is reflected in the fact that the opportunity cost going from 70 to 80 in economics is:
A)lower than the opportunity cost of going from 80 to 90 in economics.
B)higher than the opportunity cost of going from 80 to 90 in economics.
C)lower than the opportunity cost of going from 80 to 90 in physics.
D)the same as the opportunity cost of going from 70 to 80 in physics.

Question

Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown below.  The Principle of Increasing Opportunity Cost is reflected in the fact that the opportunity cost going from 70 to 80 in economics is:
A)lower than the opportunity cost of going from 80 to 90 in economics. 
B)higher than the opportunity cost of going from 80 to 90 in economics. 
C)lower than the opportunity cost of going from 80 to 90 in physics. 
D)the same as the opportunity cost of going from 70 to 80 in physics.

Quizplus · Accepted Answer

The Answer of Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown below.  The Principle of Increasing Opportunity Cost is reflected in the fact that the opportunity cost going from 70 to 80 in economics is:
A)lower than the opportunity cost of going from 80 to 90 in economics. 
B)higher than the opportunity cost of going from 80 to 90 in economics. 
C)lower than the opportunity cost of going from 80 to 90 in physics. 
D)the same as the opportunity cost of going from 70 to 80 in physics.

Moe Divides His Time Between Studying Physics and Studying Economics