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How can opportunity cost be measured?



A. A decrease in the quantity produced of one good as we move along the production possibilities frontier
B. Increase in the quantity produced of one good as we move along the production possibilities frontier
C. Increase in the quantity produced of one good divided by the decrease in the quantity produced of another good as we move along the production possibilities frontier
D. Decrease in the quantity produced of one good divided by the increase in the quantity produced of another good as we move along the production possibilities frontier

This question is part of Microeconomics Exam #1
Asked by Wlkg, Last updated: Feb 15, 2020

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3 Answers

John Adney

John Adney

Answered Jul 11, 2017

Decrease in the quantity produced of one good divided by the increase in the quantity produced of another good as we move along th eproduction possibilities frontier

 

John Adney

John Adney

Answered Apr 15, 2017

Opportunity Cost is the no. of units of a commodity sacrificed to increase the production of a particular commodity
 

John Smith

John Smith

Answered Oct 25, 2016

Decrease in the quantity produced of one good divided by the increase in the quantity produced of another good as we move along the production possibilities frontier
 

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