Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
lindseyw lindseyw
wrote...
Go to Answer
Posts: 139
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 24 times
1 Reply
Replies
Answer verified by a subject expert
aedukuyeaedukuye
wrote...
#1
Posts: 139
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
Brilliant ツ
sweetalia
wrote...

Yesterday
This site is awesome
GeorgeNeist
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1335 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 47
  
 1175
  
 334
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: How often do you eat-out per week?