How does a production possibiities curve illustrate opportunity cost?

Question

asked Feb 4, 2022 71.5k views

1 Answer

Rahul Rajan · Answer 1 · 2022-02-08T09:15:50+0000

Answer:

It shows how much were giving up for the other item.

Step-by-step explanation:

For example to produce 8 million tons of watermelons we have to give up making 1 million pairs of shoes, because resources are limited.