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

Name: The bowed-out (concave)shape of a production possibilities frontier
Brand: Quizplus
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Question

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The bowed-out shape of the production possibilities frontier is due to the existence of increasing opportunity cost. As we produce more and more of a particular good, we need to give up increasingly larger amounts of other goods, as resources are not equally useful in all activities. This leads to a concave shape, instead of a straight line.

The Bowed-Out (Concave)shape of a Production Possibilities Frontier