If the opportunity cost of good X in terms of good Y is 2Y, so you'll have to give up 2Y to get one X, the production possibility curve would look like:
a. a
b. b
c. c
d. a, b and c
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Figure 3.3 Good Y Good X 7. Figure 3.3 illustrates Mary's production possibility frontier. If Mary wants to move from point b to point c, A) it will be necessary to improve technology. B) it will be necessary to increase the accumulation of capital. C) it will be necessary to give up some of good X in order to obtain more of good Y. D) it will be necessary to give up some of good Y in order to obtain more of good X. E) she can accomplish this without any opportunity cost.
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.
