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Economics
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21 Oct 2020

What happens to the opportunity cost of obtaining one good as you move along the PPF?

    1. It increases

    2. It decreases

    3. It stays the same

    4. It exactly doubles in value

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Macroeconomics
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Opportunity Cost
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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020
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Related questions

(2) The opportunity cost of producing good X using technology A is lower than the opportunity cost of producing good X using technology B. If technology A is used, as more X is produced, _ , and if technology B is used A) we move along the PPF; the PPF shifts inward B) we move along the PPF; we move inside the PPF C) the PPF shifts outward; the PPF shifts inward D) we move outside the PPF; we move inside the PPF E) the PPF shifts outward; we move inside the PPF Andy 8 (24

Q. Why does a nation experience increasing opportunity cost?

a. As the nation moves from a production point within the PPF to one on the PPF, opportunity costs increase.

b. Because the nation cannot produce at the unattainable production points that lie beyond the PPF.

c. Resources are not equally productive in producing different kinds of goods and services.

d. When the amount of resources increases, the opportunity cost of all goods and services increases.

7. As output moves from point a to point b to point c along the PPF in the figure below, the opportunity cost of one more unit of good X

a. rises. The opportunity cost of one more unit of good Y also rises.

b. rises. The opportunity cost of one more unit of good Y falls.

c. falls. The opportunity cost of one more unit of good Y rises.

d. falls. The opportunity cost of one more unit of good Y also falls.

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