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Author Question: The typical concave (i.e., bowed-out) shape of the production possibilities frontier reflects the ... (Read 55 times)

schs14

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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


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catron30

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


schs14

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Reply #2 on: Jul 1, 2018
Thank you :)


catron30

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Reply #3 on: Jul 1, 2018
Happy to help you


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