Consider graph PPC2 above. Assume the initial PPC has intercepts at points F and E. If it rotates out such that the new intercepts are A and E then Supporting Materials Capital goods 800 550 0 B 1,100 1,300 Consumer goods The opportunity cost of capital goods has risen. The opportunity cost of capital goods has fallen. The opportunity cost of capital goods has not changed. Not enough information to answer this question.
Consider graph PPC2 above. Assume the initial PPC has intercepts at points F and E. If it rotates out such that the new intercepts are A and E then Supporting Materials Capital goods 800 550 0 B 1,100 1,300 Consumer goods The opportunity cost of capital goods has risen. The opportunity cost of capital goods has fallen. The opportunity cost of capital goods has not changed. Not enough information to answer this question.
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 9P
Related questions
Question
![Consider graph PPC2 above.
Assume the initial PPC has intercepts at points F and E. If it rotates out such
that the new intercepts are A and E then
Supporting Materials
Capital goods
800
550
0
B
H
1,100 1,300
Consumer goods
The opportunity cost of capital goods has risen.
O The opportunity cost of capital goods has fallen.
The opportunity cost of capital goods has not changed.
O Not enough information to answer this question.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8180049d-6db5-4853-9ba9-467af2772b76%2F0128865d-5f91-4e59-827b-478a69d653d8%2Fm6vzj8n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider graph PPC2 above.
Assume the initial PPC has intercepts at points F and E. If it rotates out such
that the new intercepts are A and E then
Supporting Materials
Capital goods
800
550
0
B
H
1,100 1,300
Consumer goods
The opportunity cost of capital goods has risen.
O The opportunity cost of capital goods has fallen.
The opportunity cost of capital goods has not changed.
O Not enough information to answer this question.
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