The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the

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Business

Zaiden Charles

6 August, 11:30

The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the

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Devin Montgomery · Answer 1

a. amount of the other good that must be given up.

Explanation:

The mix of two goods or services can be accomplished in the frontier of production possibilities when all available resources and technologies are fully efficient and used. This indicates a mix of the two resources to a maximum.

As we know that, the opportunity cost refers to the cost in which the best alternative is chosen among the available ones which can generate a better return so the one goods are considered while another cost is given up.