Asked on 30 Oct 2020

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.

Answered on 30 Oct 2020

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