The following PPF best represents _____________________; in this case, _____________________.

Question

BlackTom AI · Accepted Answer

The question asks us to identify what the given PPF (production possibility frontier) shape indicates about marginal opportunity costs and how they relate to the level of current production.
Option A states constant marginal opportunity cost and that opportunity cost does not depend on the level of current production. This would correspond to a straight-line PPF, not the curved shape shown. Since the graph displays a curved frontier, this option is inconsistent with increasing opportunity costs.
Option B asserts decreasing marginal opportunity cost and that opportunity cost depends on the level of current production. A curved PPF could, in theory, reflect varying costs, but standard theory typically characterizes a convex-to-the-origin curve as illustrating increasing marginal costs, not decreasing.
Option C claims increasing marginal opportunity cost but that opportunity cost does not depend on the level of current production. The “does not depend” clause contradicts the fundamental idea of marginal costs changing as you move along the frontier; a curved PPF implies that the opportunity cost changes with the mix of goods produced, so this pairing is internally inconsistent.
Option D presents increasing marginal opportunity cost and that opportunity cost depends on the level of current production. This aligns with the typical convex, bowed-out PPF: as you produce more of one good, you sacrifice progressively larger amounts of the other good, and the opportunity cost indeed depends on how much of each good is currently being produced.
In short, the curved, outward-bowed PPF reflects rising (increasing) marginal opportunity costs, and it also indicates that the opportunity cost varies with the current production levels, consistent with the standard interpretation of a concave-to-the-origin frontier (bowed outward). Therefore, the correct pairing is Option D.

ECON 2002.01 AU2025 (21333) Final Exam- Requires Respondus LockDown Browser

The following PPF best represents _; in this case, _.

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