An economy can produce 2 hamburgers and 10 French fries and 3 hamburgers and 8 French fries as combinations on its production possibility frontier. Which of the following is consistent with increasing opportunity costs? 1. all of these options are correct 4 hamburgers and 5 French fries 4 hamburgers and 6 French fries 5 hamburgers and 5 French fries

An economy can produce 2 hamburgers and 10 French fries and 3 hamburgers and 8 French fries as combinations on its production possibility frontier. Which of the following is consistent with increasing opportunity costs? 1. all of these options are correct 4 hamburgers and 5 French fries 4 hamburgers and 6 French fries 5 hamburgers and 5 French fries

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 6P

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