The production possibilities frontier bows outward because
A) resources are of uniform quality.
B) opportunity costs are fixed as the production of a good increases.
C) opportunity costs are increasing as the production of a good increases.
D) opportunity costs are decreasing as the production of a good increases.
Correct Answer:
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Q98: Q99: Jane produces only corn, measured in tons, Q100: Q101: The fact of increasing opportunity costs means Q102: Q104: Production possibilities Q105: When the production possibilities frontier bows outward Q106: The nationʹs production possibilities frontier is bowed Q107: As we move along a bowed-out production Q108: Production possibilities Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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