The slope of the production possibility frontier is determined by the _____ of expanding production of one good, measured by how
much of the other good would be lost.
1 answer:
Answer:
The correct answer is the opportunity cost of producing a good.
Explanation:
The production possibility curve or frontier shows all the different bundles of two goods that can be produced using the given resources.
The opportunity cost of a good is the amount of other good sacrificed to produce this one.
The slope of production possibility curve represents the opportunity cost of producing a good.
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