When a production possibilities frontier is bowed outward,as more of one good is produced,its opportunity cost

Name: When a production possibilities frontier is bowed outward,as more of one good is produced,its opportunity cost
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the production possibility frontier is bowed outward, this indicates increasing opportunity costs. This means that as more of one good is produced, the opportunity cost in terms of the other good increases. Therefore, the answer is C, as the opportunity cost increases.

When a Production Possibilities Frontier Is Bowed Outward,as More of One