Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
lindseyw lindseyw
wrote...
Go to Answer
Posts: 138
Rep: 0 0
A year ago
A straight-line production possibilities boundary differs from a concave boundary in which of the following ways?

▸ The straight-line boundary illustrates constant opportunity costs, whereas the concave boundary illustrates increasing opportunity costs.

▸ The straight-line boundary does not show scarcity, whereas the concave boundary does.

▸ The straight-line boundary shows opportunity cost, whereas the concave boundary does not.

▸ The concave boundary illustrates constant opportunity costs, whereas the straight-line boundary illustrates decreasing opportunity costs.

▸ A straight-line boundary is associated with a command economy, whereas a concave boundary is associated with a free-market economy.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 21 times
1 Reply
Replies
Answer verified by a subject expert
aedukuyeaedukuye
wrote...
#1
Posts: 138
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lindseyw Author
wrote...

A year ago
Correct Slight Smile TY
tcat
wrote...

Yesterday
Thanks for your help!!
SUmmerPeople
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1127 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 833
  
 13925
  
 250
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: What's your favorite coffee beverage?