1. How is opportunity cost shown on a production possibilities frontier?

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Tjorriemorrie asked Jul 3, 2022

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1. How is opportunity cost shown on a production possibilities frontier?

Social Studies
college

Tjorriemorrie asked Jul 3, 2022

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an Opportunity cost is represented by the slope of the frontier or can be viewed as how much we give up of one good to get one more unit of another good.

Productive efficiency is represented by points on the frontier.

Fabian Brenes answered Jul 10, 2022

by Fabian Brenes

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