CLEP Principles of Macroeconomics Practice Questions

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clep.macroeconomics.basic-economic-concepts

In the production possibilities curve shown above, which of the following is true?

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Answer choices

The opportunity cost of producing cookies is increasing.

The opportunity cost of producing cookies is decreasing.

The opportunity cost of producing muffins is increasing.

The opportunity cost of producing muffins is decreasing.

The opportunity cost of producing cookies is constant.