A production possibilities curve has an outwardly-bowed shape because of the

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The principle of increasing opportunity cost states that as the production of one good increases, the opportunity cost of producing an additional unit of that good increases. This leads to a bowed out shape of the production possibilities curve as resources are not equally efficient at producing each good, and therefore, the opportunity cost of producing one good in terms of the other increases.

A Production Possibilities Curve Has an Outwardly-Bowed Shape Because of the