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Title: Why is a production possibilities frontier bowed out (concave)? Post by: Loraine on Jun 20, 2015 Why is a production possibilities frontier bowed out (concave)?
A) The bowed shape reflects constant opportunity cost. B) The bowed shape reflects decreasing opportunity cost. C) The bowed shape indicates that opportunity cost at first decreases at a decreasing rate, and then begins to decrease at an increasing rate. D) The bowed shape indicates that opportunity cost at first increases at a decreasing rate, and then begins to increase at an increasing rate. E) The bowed shape reflects increasing opportunity cost. Title: Re: Why is a production possibilities frontier bowed out (concave)? Post by: Chimelo46 on Aug 18, 2015 Content hidden
Title: Re: Why is a production possibilities frontier bowed out (concave)? Post by: Chimelo46 on Aug 31, 2015 Glad to help you, and good luck with your course.
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