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1.1 Economic methodology and the economic problem

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Question 31

An aerospace manufacturing firm produces commercial satellites and cargo drones using all of its available resources. The diagram below shows the firm's production possibility frontier (PPF).

Aerospace PPF Diagram

Which one of the following statements is correct?

The opportunity cost of producing one more commercial satellite is

lower at XXX than at YYY.

greater at XXX than at YYY.

the same at both XXX and YYY.

zero at both XXX and YYY.

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem