Post Utme Madonna University 2022 Commerce Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2022 Commerce Objective / Multiple Choice
Question 38 POST_UTME_MADONNA_UNIVERSITY • 2022 • COMMERCE • objective

The diagram below represents a production possibility frontier. If the economy is currently at point A, and the government decides to implement a policy that shifts the production possibility frontier to the right, what will happen to the opportunity cost of producing consumer goods?

Answer Options

A. increase
Correct Answer B. decrease
C. remain constant
D. become negative
Correct Answer
B
Correct Option:
decrease

About This Question

This is Post Utme Madonna University 2022 Commerce Question 38. It is one of the objective questions from the 2022 Post Utme Madonna University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support