What does the slope of the production possibilities curve represent?
A)The slope represents the level of efficiency in production.
B)The slope represents the opportunity cost of producing one good instead of the other.
C)If the slope is greater than one, then production is being maximized, and if the slope is less than one, then production is not maximized.
D)The slope represents the number of factors of production required to produce the goods.
I believe the answer is D?
2 answers
it’s b
yeah I struggle with this too but it is b because there are 2 productions possibilities or goods on the graph much like the supply and demand curve and opportunity cost is like buying one thing over the other the other IS the opportunity cost. For example let's say Jared bought an Xbox one X that was $300.00 instead of the PS4 which was $400 the opportunity cost is the PS4.
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