Solved

-The Bowed Outward Shape of the Production Possibilities Frontier in the Above

Question 84

Multiple Choice

  -The bowed outward shape of the production possibilities frontier in the above figure indicates that A)  the opportunity cost of producing more computers decreases as more computers are produced. B)  some resources are better suited for producing computers. C)  computer technology is subject to the principle of decreasing costs. D)  All of the above answers are correct.
-The bowed outward shape of the production possibilities frontier in the above figure indicates that


A) the opportunity cost of producing more computers decreases as more computers are produced.
B) some resources are better suited for producing computers.
C) computer technology is subject to the principle of decreasing costs.
D) All of the above answers are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents