FIGURE 1- 5
-Refer to Figure 1- 5.Which production possibilities boundaries exhibit decreasing opportunity costs?
A)boundary B only
B)boundary A only
C)boundary C only
D)boundaries A and C
E)boundaries A and B

Question

FIGURE 1- 5 
-Refer to Figure 1- 5.Which production possibilities boundaries exhibit decreasing opportunity costs?
A)boundary B only 
B)boundary A only 
C)boundary C only 
D)boundaries A and C 
E)boundaries A and B

Quizplus · Accepted Answer

Boundary A only exhibits decreasing opportunity costs, which is typically represented by a concave shape towards the origin in a production possibilities boundary.