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A B C D E F Capital goods 15 14 12 9 5 0 Consumer goods 0 2 4 6 8 10 As shown in
A | B | C | D | E | F | |
---|---|---|---|---|---|---|
Capital goods | 15 | 14 | 12 | 9 | 5 | 0 |
Consumer goods | 0 | 2 | 4 | 6 | 8 | 10 |
As shown in Exhibit 2-8, the concept of increasing opportunity costs is reflected in the fact that:
a.
a graph of the production data is a downward-sloping straight line.
b.
the quantity of consumer goods produced can never be zero.
c.
the labor force in the economy is homogeneous.
d.
greater amounts of capital goods must be sacrificed to produce each additional 2 units of consumer goods.l
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