Consider the production possibilities frontier in the figure shown. As more and more cigars are produced: 0 0 0 the opportunity cost of cars stays the same. the opportunity cost of cars decreases. O the opportunity costs of cars decreases then increases. the opportunity cost of cars increases.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.5P
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MC Qu. 24 Consider the production possibiliti...
Cigars
400A
300
200
100
D
20
30 40
Consider the production possibilities frontier in the figure shown. As more and more cigars are produced:
0 0 0 0
C
10
the opportunity cost of cars stays the same.
the opportunity cost of cars decreases.
Cars
the opportunity costs of cars decreases then increases.
the opportunity cost of cars increases.
Transcribed Image Text:MC Qu. 24 Consider the production possibiliti... Cigars 400A 300 200 100 D 20 30 40 Consider the production possibilities frontier in the figure shown. As more and more cigars are produced: 0 0 0 0 C 10 the opportunity cost of cars stays the same. the opportunity cost of cars decreases. Cars the opportunity costs of cars decreases then increases. the opportunity cost of cars increases.
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