-Which of the following statement is most appropriate for the given production possibilities curve?
A) There is an increasing opportunity cost as Bo produces more fish.
B) There is an increasing opportunity cost as Bo produces less fish.
C) The opportunity cost for fish production is constant.
D) The opportunity cost for apple production is constant.
E) The opportunity cost for both fish and apple production is constant.

Question

-Which of the following statement is most appropriate for the given production possibilities curve?
A) There is an increasing opportunity cost as Bo produces more fish. 
B) There is an increasing opportunity cost as Bo produces less fish. 
C) The opportunity cost for fish production is constant. 
D) The opportunity cost for apple production is constant. 
E) The opportunity cost for both fish and apple production is constant.

Quizplus · Accepted Answer

The production possibilities curve typically demonstrates increasing opportunity costs, meaning that as more of one good is produced, the opportunity cost of producing additional units of that good increases.

-Which of the Following Statement Is Most Appropriate for the Given