If additional units of output could be produced at constant opportunity cost, what would the shape of the production possibilities curve be?
A) positively sloped
B) a straight line with a negative slope
C) bowed inward toward the origin
D) bowed outward away from the origin
Correct Answer:
Verified
Q47: FIGURE 2-3 Q48: FIGURE 2-3 Q49: FIGURE 2-3 Q50: FIGURE 2-3 Q51: FIGURE 2-3 Q53: What is assumed when an economy's production Q54: Why is a production possibilities curve negatively Q55: Under what circumstances will an economy's production Q56: FIGURE 2-3 Q57: Which of the following illustrates excessive unemployment Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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