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What is the relationship between the bowed out the shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced?

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Nusrat Fatima
Nusrat FatimaLv10
28 Sep 2019
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Related questions

The idea of increasing opportunity cost is reflected in the

a. linear shape of the production possibilities frontier
b. fact that the PPF shows there are unattainable production points
c. positive slope of the production possibilities frontier
d. bowed out shape of the production possibilities frontier
e. bowed in shape of the production possibilities frontier

Ā 

1) The bowed-out (concave) shape of a production possibilities frontier A) is due to capital accumulation. B) is due to technological change. C) reflects the existence of increasing opportunity cost. D) is due to the equal usefulness of resources in all activities. E) reflects the existence of decreasing opportunity cost.

16) The bowed-out (concave) shape of a production possibilities frontier A) is due to technological change. B) is due to capital accumulation. C) reflects the existence of decreasing opportunity cost. D) is due to the equal usefulness of resources in all activities. E) reflects the existence of increasing opportunity cost.

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