The graph shows the PPF for an economy that produces butter and ice cream. The PPF shows two production points A and B. At which point is the opportunity cost of producing a tub of ice cream greater? The opportunity cost of producing a tub of ice cream is __ at point A than at point B. The opportunity cost of producing a pound of butter is __ at point B than at point A. A. less; less B. greater; greater C. greater; less D. less; greater

To determine the opportunity cost of producing a tub of ice cream at points A and B, we need to understand the concept of opportunity cost. Opportunity cost is the value of the next best alternative that is given up when making a choice. In this case, it refers to the amount of butter that must be given up to produce one more tub of ice cream.<br /><br />Let's analyze the given information:<br /><br />1. The PPF shows two production points A and B.<br />2. We need to compare the opportunity cost of producing a tub of ice cream at points A and B.<br />3. We also need to compare the opportunity cost of producing a pound of butter at points A and B.<br /><br />To determine the opportunity cost of producing a tub of ice cream at points A and B, we need to look at the slope of the PPF at each point. The steeper the slope, the greater the opportunity cost.<br /><br />If the slope is steeper at point A than at point B, it means that the opportunity cost of producing a tub of ice cream is greater at point A than at point B. Conversely, if the slope is steeper at point B than at point A, it means that the opportunity cost of producing a tub of ice cream is greater at point B than at point A.<br /><br />Similarly, to determine the opportunity cost of producing a pound of butter at points A and B, we need to look at the slope of the PPF at each point. The steeper the slope, the greater the opportunity cost.<br /><br />If the slope is steeper at point B than at point A, it means that the opportunity cost of producing a pound of butter is greater at point B than at point A. Conversely, if the slope is steeper at point A than at point B, it means that the opportunity cost of producing a pound of butter is greater at point A than at point B.<br /><br />Based on the given information, the correct answer is:<br /><br />C. greater; less