If there are increasing opportunity costs of production, the production possibilities curve will bow inward.

Name: If there are increasing opportunity costs of production, the production possibilities curve will bow inward.
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Question

Quizplus · Accepted Answer

When there are increasing opportunity costs of production, the production possibilities curve will bow outward (concave to the origin), reflecting the higher cost of producing additional units of one good in terms of the other good forgone.

If There Are Increasing Opportunity Costs of Production, the Production