The table below represents five points on the production possibility frontier for the small country of Bistro, which produces only crackers (measured in thousands of boxes) and cheese (measured in thousands of pounds):
Does the production possibility frontier demonstrate the law of increasing opportunity cost? How can you tell?

Question

The table below represents five points on the production possibility frontier for the small country of Bistro, which produces only crackers (measured in thousands of boxes) and cheese (measured in thousands of pounds):
  Does the production possibility frontier demonstrate the law of increasing opportunity cost? How can you tell?

Quizplus · Accepted Answer

The Answer of The table below represents five points on the production possibility frontier for the small country of Bistro, which produces only crackers (measured in thousands of boxes) and cheese (measured in thousands of pounds):
  Does the production possibility frontier demonstrate the law of increasing opportunity cost? How can you tell?

The Table Below Represents Five Points on the Production Possibility