The production possibility curve is bowed outward from the origin because of: a. the law of ...

Author Question: The production possibility curve is bowed outward from the origin because of: a. the law of ... (Read 65 times)

cool

Hero Member
Posts: 570

on: Jun 30, 2018

The production possibility curve is bowed outward from the origin because of:
a. the law of increasing opportunity costs.
b. the finite nature of the resource base.
c. inefficiency.
d. improper output mix.
e. unemployment.

Question 2

A production possibility graph slopes down because of:
a. the law of increasing costs.
b. nonhomogeneous resources.
c. inefficiency.
d. improper output mix.
e. unemployment.

Sarahjh

Sr. Member
Posts: 370

Reply #1 on: Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

b

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