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The slope of the production possibility frontier is determined by the ________________ of expanding production of one good, measured by how much of the other good would be lost.

A. absolute advantage
B. opportunity cost
C. relative advantage
D. specialization

User Ckedar
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1 Answer

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Answer: (B) Opportunity cost

Step-by-step explanation:

The opportunity cost is basically refers to the various types of benefits, value and the profit from an organization are all associated with the opportunity cost.

The opportunity cost is also known as the alternative cost that value some specific choice, desc ions and the actions.

According to the given scenario, the opportunity cost is mainly determined by the production possibility in the given slope and it can expanding by the production of various types of goods and the services.

Therefore, Option (B) is correct.

User Dayanna
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