What shape is the production possibilities curve usually expected to exhibit?

Name: What shape is the production possibilities curve usually expected to exhibit?
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

The production possibilities curve is usually expected to exhibit a bowed-out shape because of the law of increasing opportunity cost. As we produce more of one good, we need to give up increasing amounts of the other good, leading to an increasing opportunity cost and a bowed-out shape for the production possibilities curve.

What Shape Is the Production Possibilities Curve Usually Expected to Exhibit