Figure 2-15 -Refer to Figure 2-15.Consider the Production Possibilities Frontier for an Frontier

Multiple Choice

Figure 2-15
-Refer to Figure 2-15.Consider the production possibilities frontier for an economy that produces only sofas and cars.The opportunity cost of each car is

A) the slope of the production possibilities frontier.
B) 3/2 sofas.
C) 2/3 of a sofa.
D) Both a and b are correct.