Figure 2-9

-Which of the following statements could explain the concave shape of the production possibilities curve in Figure 2-9?
A) The publishing industry develops improved printing presses.
B) Productive efficiency increases as the publishing industry moves from point F to point H
C) More editors and writers are employed as the publishing industry moves from point F to point H.
D) Some writers are better suited to writing novels;some are better suited to writing textbooks.
E) The prices of paper and ink fall as the publishing industry moves from point H to point F.
Correct Answer:
Verified
Q45: The concave shape of the production possibilities
Q46: Figure 2-10 Q47: A country currently is using all its Q48: As a society produces more and more Q49: Assume that society is operating on its Q51: According to the law of increasing opportunity Q52: Which of the following is an example Q53: A country currently is using all its Q54: Productive inefficiency could arise from Q55: The law of increasing opportunity cost is
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A) a waste
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