Question

What does the slope of the production possibilities curve represent? (1 point)
-The slope represents the number of factors of production required to produce
the goods.
-The slope represents the level of efficiency in production.
-The slope represents the opportunity cost of producing one good instead of the
other.
-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.

Answer 1

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

What is the production possibility curve?

This is a curve that is used to illustrate the maximum output that can be produced of two goods when we use a minimum number of input.

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

Read more on the  production possibility curve here:

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Answer 2

Answer: The slope of the production possibility curve represents the opportunity cost of producing one good instead of the other.

Explanation: