Question

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.

Answer 1

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.