If additional units of output could be produced at constant opportunity cost, the production possibilities curve would be:

a positively sloped with a concave curvature.

b. bowed outward away from the origin.

C. a straight line with a negative slope.

d. positively sloped with a convex curvature.

e bowed inward toward the origin.

Question

Business

Maia

13 May, 02:59

If additional units of output could be produced at constant opportunity cost, the production possibilities curve would be:

a positively sloped with a concave curvature.

b. bowed outward away from the origin.

C. a straight line with a negative slope.

d. positively sloped with a convex curvature.

e bowed inward toward the origin.

+1

Answers (1)

Know the Answer?

Mullins · Answer 1

The answer is C. a straight line with a negative slope.

Explanation:

this happens only if the production factors required to produce both goods/services considered are homogenous. but this rarely happens in real world scenarios.

Moreover, in a case like this, the production of one good can not be increased without sactrificing an eqaul ammout of production from the other good.