The bowed- out concave) shape of a production possibilities frontier illustrates

Name: The bowed- out concave) shape of a production possibilities frontier illustrates
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The bowed-out (concave) shape of a production possibilities frontier illustrates increasing opportunity cost, which means that in order to produce more of one good, we must give up increasing amounts of the other good. This is due to the fact that resources are not equally efficient in producing all goods and services.

The Bowed- Out Concave) Shape of a Production Possibilities Frontier