(Answered) Question content areaPart 1A production possibilities​ frontier:Question content areaPart 1A…

➤ How do opportunity cost and comparative advantage relate to the PPF?
Opportunity cost on the PPF equals the slope between points; it measures what you give up to gain another unit. Comparative advantage compares which agent has a lower opportunity cost for producing a good. Using comparative advantage and specialization lets countries or firms raise total output and obtain gains from trade.