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wrote...
Posts: 9130
4 years ago
The bowed out (concave) shape of the production possibilities curve implies that as production of one good
A) increases, society must forgo increasing amounts of another good.
B) increases, society must forgo decreasing amounts of another good.
C) decreases, production of other goods decreases as well.
D) increases, production of other goods increases as well.
E) increases, society can obtain a free lunch.
Textbook 

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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wrote...
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Posts: 5639
4 years ago
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wrote...
4 years ago
Upwards Arrow This solved my problem, many thanks again.
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
wrote...
4 years ago
Happy to assist!
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