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Refer to the Diagram Below

Question 20

Multiple Choice

Refer to the diagram below.The concept of opportunity cost is best represented by the: Refer to the diagram below.The concept of opportunity cost is best represented by the: A) shift of the production possibilities curve from PP<sub>1</sub> to PP<sub>2</sub>. B) move from B on PP<sub>1</sub> to E on PP<sub>2</sub>. C) move from B on PP<sub>1</sub> to C on PP<sub>1</sub>. D) move from D inside PP<sub>1</sub> to B on PP<sub>1</sub>.


A) shift of the production possibilities curve from PP1 to PP2.
B) move from B on PP1 to E on PP2.
C) move from B on PP1 to C on PP1.
D) move from D inside PP1 to B on PP1.

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