[Answered] The typical concave (i.e., bowed-out) shape of the production possibilities frontier reflects the ...

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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

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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

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