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

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asked Aug 23, 2022 93.6k views

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Aritra B · Answer 1 · 2022-08-28T15:22:50+0000

Answer:

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.

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

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