Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.

-The diagram of the production possibilities frontier corresponding to the data in Table 2.1.1 would be
A)negatively sloped and linear.
B)negatively sloped and bowed inward.
C)negatively sloped and bowed outward.
D)positively sloped for X and negatively sloped for Y.
E)a horizontal line.

Question

Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.

-The diagram of the production possibilities frontier corresponding to the data in Table 2.1.1 would be
A)negatively sloped and linear. 
B)negatively sloped and bowed inward. 
C)negatively sloped and bowed outward. 
D)positively sloped for X and negatively sloped for Y. 
E)a horizontal line.

Quizplus · Accepted Answer

The points in the table show increasing opportunity costs for producing X and Y, indicating a bowed outward shape for the production possibilities frontier.

Table 2.1.1 The Following Table Gives Points on the Production Possibilities Frontier