Illustrate opportunity cost of producing extra units, Macroeconomics

If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good that is sacrificed) remains constant, then the shape of the production possibilities curve is:

A straight line parallel to the horizontal axis

An up sloping line

Bowed toward the origin of the graph

A straight down sloping line

Posted Date: 2/4/2014 3:26:30 AM | Location : United States







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