In a production possibilities frontier graph, the cost of producing more units of a good is measured by the A) dollar value of the resources used to produce the good. B) amount of the other good or service that must be forgone. C) dollar value of the additional output. D) area in the arc between the PPF and a straight line drawn between the starting point and the ending point. E) None of these answers is correct.
In a production possibilities frontier graph, the cost of producing more units of a good is measured by the A) dollar value of the resources used to produce the good. B) amount of the other good or service that must be forgone. C) dollar value of the additional output. D) area in the arc between the PPF and a straight line drawn between the starting point and the ending point. E) None of these answers is correct.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 7SQ
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Transcribed Image Text:In a production possibilities frontier graph, the cost of producing more units of a
good is measured by the
A) dollar value of the resources used to produce the good.
B) amount of the other good or service that must be forgone.
dollar value of the additional output.
area in the arc between the PPF and a straight line drawn between the
starting point and the ending point.
E) None of these answers is correct.
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