contestada

What does the slope of the production possibilities curve represent? (1 point)
If the slope is greater than one, then production is being maximized, and if the slope is less than one, then
production is not maximized.
O The slope represents the number of factors of production required to produce the goods.
O The slope represents the opportunity cost of producing one good instead of the other.
The slope represents the level of efficiency in production.

Respuesta :

ayokenny2001

Production possibilities curve : The slope represents the opportunity cost of producing one good instead of the other.

What is production possibilities curve?

A production possibilities curve in economics measures the maximum output of two goods using a fixed amount of input.

The production possibilities curve shows the different combinations of the input that would be used to get the required output.

Hence, the slope of the production possibility curve represents the opportunity cost of producing one good instead of the other.

Learn more about production possibilities curve here: https://brainly.com/question/26254170