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Central Problems & the PPC · Question 37 of 87

Question 37

MediumOriginal question

A straight-line PPC means that

Options for question 37

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. A straight line has the same slope everywhere, and the slope of a PPC is the MRT.

  2. So each extra unit of one good costs the same amount of the other: constant opportunity cost.

Concept
Constant opportunity cost
Typical time
70 s
Your time
—
The rule this testsThe production possibility curve
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Ten questions from Central Problems & the PPC, at your own pace.

Practise this chapter →

Ten questions from Central Problems & the PPC, at your own pace.

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