Multiple Choice
On a production possibilities frontier, how is the opportunity cost of one more unit of a commodity per time period measured?
A) by the amount of the other commodity that must be sacrificed
B) by the amount of unemployed resources that must be used
C) by the amount of satisfaction it gives consumers
D) by the amount of tax paid to government for production, sale, and use of the commodity
Correct Answer:
Verified
Correct Answer:
Verified
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