In Figure 3.2: Figure 3.2 Two graphs-In both graphs Ford automobiles are on the vertical axis and Chevy automobiles are on the horizontal axis; the first production possibilities curve is denoted PPC1 and is a straight downward sloping line; the second production possibilities curve is denoted PPC2 and is a downward sloping bowed out curve In Figure 3.2: along PPC 1, the opportunity cost of each Chevy is 2 Fords. along PPC 2, the opportunity cost of each Chevy is the same as along PPC 1. along PPC 2, the opportunity cost of each Chevy is 2 Fords. along PPC 1, the opportunity cost of each Chevy is 1 Ford