In the Production Possibilities Frontier model where money is the scarce resource. What is the opportunity cost of increased consumption of restaurant meals?

a. The foregone other goods that might have been purchased
b. The enjoyment of the meals
c. The time spent working to earn that money
d. The dollar price of the meals

Question

16-07-2024
Social Studies

Answered

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In the Production Possibilities Frontier model where money is the scarce resource. What is the opportunity cost of increased consumption of restaurant meals?

a. The foregone other goods that might have been purchased
b. The enjoyment of the meals
c. The time spent working to earn that money
d. The dollar price of the meals

Sagot :

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