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Economics (AS & A Level) · Oct / Nov 2022 · Paper 13 · Question 4

9708Production possibility curves

The diagram shows a production possibility curve. Which combination is correct?

  1. Aopportunity cost of producing more of good Y: decreases; opportunity cost of producing more of good X: decreases
  2. Bopportunity cost of producing more of good Y: decreases; opportunity cost of producing more of good X: increases
  3. Copportunity cost of producing more of good Y: increases; opportunity cost of producing more of good X: decreases
  4. Dopportunity cost of producing more of good Y: increases; opportunity cost of producing more of good X: increases

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Correct answer: D. opportunity cost of producing more of good Y: increases; opportunity cost of producing more of good X: increases

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