Consider the following well-known result from the theory of normed linear spaces ([2], p. 80, 4(b)): (g) the unit ball of the (continuous) dual of a normed linear space over the reals has an extreme point. The standard proof of (~) uses the axiom of choice (AG); thus the implication AC~(w) can be proved in set theory. In this paper we show that this implication can be reversed, so that (*) is actually eq7I2valent to the axiom of choice. From this (...) we derive various corollaries, for example: the conjunction of the Boolean prime ideal theorem and the Krein-Milman theorem implies the axiom of choice, and the Krein-Milman theorem is not derivable from the Boolean prime ideal theorem. (shrink)