The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the

Business

1 answer:

Gekata [30.6K]3 years ago

5 0

Answer:

a. amount of the other good that must be given up.

Explanation:

The mix of two goods or services can be accomplished in the frontier of production possibilities when all available resources and technologies are fully efficient and used. This indicates a mix of the two resources to a maximum.

As we know that, the opportunity cost refers to the cost in which the best alternative is chosen among the available ones which can generate a better return so the one goods are considered while another cost is given up.

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If you use credit what are you creating

Margaret [11]

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Explanation:

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Answer:

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We follow these steps to arrive at the answers:

1. Calculate the base value of closing inventory (CI):

$CI_{base value} = \frac{CI*Index at base year}{current price index}$