Ask Question
31 August, 08:15

Which production possibilities frontier (PPF) reflects increasing opportunity costs?

+2
Answers (1)
  1. 31 August, 09:27
    0
    bowed-out shape

    Explanation:

    Each type of good requires a different set of production resource. When the opportunity cost increases the production possibility frontiers tends to have a bowed-out shape. The reason for bowed-down shape is, goods need different production process and tools, that is why the firms have to choose which goods they want to produce and which are not feasible.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which production possibilities frontier (PPF) reflects increasing opportunity costs? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers