Question

Slope of PPC indicates

• A. the amount of Good-Y that needs to be sacrificed for producing every additional unit of Good-X
• B. revenue
• C. opportunity cost
• D. production cost

Answer 1

The correct option is A the amount of Good-Y that needs to be sacrificed for producing every additional unit of Good-X

Slope of PPC indicates the amount of Good-Y that needs to be sacrificed for producing every additional unit of Good-X. It is expressed as ‘Change in Y/Change in X.’