contestada

Along this production possibilities boundary, the opportunity cost of producing bicycles is:_________

Respuesta :

Answer: Constant

Explanation: it's constant due to it being in a straight line along the graph

the opportunity cost of producing bicycles is constant due to it being in a straight line along the graph

It refers to how much or what advantages a person or organization chooses one product over another. The benefit can be financial gains. Therefore, opportunity cost is the sum you save by selecting one product over another. The value or advantage forfeited by engaging in a certain activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another. The value of what you must give up in order to pick something else is referred to as opportunity cost in economics.

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