Narrbegin Exhibit 2.4 Production possibilities curve data
$\begin{array}{|l|r|r|r|r|r|r|}
\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } \
\hline \text { Capital goods } & 150 & 140 & 120 & 90 & 50 & 0 \
\hline \text { Consumer goods } & 0 & 20 & 40 & 60 & 80 & 100 \
\hline
\end{array}$ Narrend
-In Exhibit 2.4, the concept of increasing opportunity costs is represented by the fact that:

Question

Narrbegin Exhibit 2.4 Production possibilities curve data
 $\begin{array}{|l|r|r|r|r|r|r|}
\hline & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } & \text { F } \
\hline \text { Capital goods } & 150 & 140 & 120 & 90 & 50 & 0 \
\hline \text { Consumer goods } & 0 & 20 & 40 & 60 & 80 & 100 \
\hline
\end{array}$ Narrend
-In Exhibit 2.4, the concept of increasing opportunity costs is represented by the fact that:

Quizplus · Accepted Answer

The production possibility curve shows that in order to produce more units of consumer goods, increasing amounts of capital goods must be sacrificed. This is because resources are not equally efficient in producing both types of goods, and as resources are shifted from one to the other, the opportunity cost increases. Therefore, the concept of increasing opportunity costs is best represented by option C.

Narrbegin Exhibit 2 Narrend -In Exhibit 2

Narrbegin Exhibit 2 Narrend
-In Exhibit 2