This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The typical concave (i.e., bowed-out) shape of the production possibilities frontier reflects the ... (Read 89 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
The typical concave (i.e., bowed-out) shape of the production possibilities frontier reflects the law of increasing opportunity cost.
 a. True
  b. False

Question 2

The bowed-out shape of the production possibilities frontier indicates increasing opportunity costs.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


schs14

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 1, 2018
Thank you :)


catron30

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Comparison of normal-shaped erythro- cytes and the abnormal sickle shape noted in patients with sick Comparison of normal-shaped erythro- cytes and the abnormal sickle shape noted in patients with sick
Typical Soil Profile Typical Soil Profile
Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
A typical purified water system A typical purified water system
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library