A Production Possibilities Frontier Is Bowed Outward When

Rabu, 21 September 2022

A Production Possibilities Frontier Is Bowed Outward When

NEWS VANESSA September 21, 2022 Comment

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When a production possibilities frontier is bowed outward the opportunity cost of producing? The correct option is a) increases it is correct because the concept of increasing opportunity cost states that if the production possibilities frontier bowed outward and produced one more unit, the opportunity cost will also rise with rising units. Answer to solved a production possibilities frontier is bowed outward. A production possibilities frontier is bowed outward instead of a straight line when:

The fact that resources tend to be specialized is one reason the production possibilities frontier is drawn: As a horizontal straight line c. As a straight line. 109) a bowed outward production possibilities frontier occurs when a) opportunity : 109) a bowed outward production possibilities frontier occurs when. A) opportunity costs are constant. B) resources are not scarce. C) as more of a good is produced, producing additional units of it require greater reductions in the other good. Economics questions and answers.