While moving on the production possibilities frontier,if the opportunity cost of producing one good is 1/2,the opportunity cost of producing the other good (in the same range)is
A) 1/2.
B) 1/4.
C) 2.
D) 4.
E) An amount that cannot be calculated without more information.

Question

Quizplus · Accepted Answer

The opportunity cost of producing the other good is the reciprocal of the first, so if the opportunity cost of producing one good is 1/2, the opportunity cost of producing the other good is 2.

While Moving on the Production Possibilities Frontier,if the Opportunity Cost