A production possibilities frontier will be bowed out if

Question

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A production possibilities frontier will be bowed out if resources are not perfectly adaptable to making each good. This means that the opportunity cost of producing one good over another is increasing as more of it is produced, resulting in a bowed out shape. Scarcity, efficient resource use, and improving technology may affect the production possibilities frontier, but they do not necessarily result in a bowed out shape. Production of one good involving an opportunity cost is a fundamental concept of the production possibilities frontier and does not necessarily result in a bowed out shape.

A Production Possibilities Frontier Will Be Bowed Out If