The slope of the PPF can also be expressed as the ratio of the marginal products of labor to the marginal product of capital. consumer utility. the opportunity cost of the good measured on the horizontal axis. the ratio of abundance of labor to capital.

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05-02-2021
Business

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The slope of the PPF can also be expressed as the ratio of the marginal products of labor to the marginal product of capital. consumer utility. the opportunity cost of the good measured on the horizontal axis. the ratio of abundance of labor to capital.

Sagot :

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ewomazinoade ewomazinoade · Answer 1 · 2021-02-07T19:12:03-05:00

Answer:

the opportunity cost of the good measured on the horizontal axis.

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

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