When a production possibilities frontier is bowed outward,the opportunity cost of the first good in terms of the second good is higher when the economy is producing much of the second good and little of the first good than it is when the economy is producing little of the second good and much of the first good.

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The Answer of When a production possibilities frontier is bowed outward,the opportunity cost of the first good in terms of the second good is higher when the economy is producing much of the second good and little of the first good than it is when the economy is producing little of the second good and much of the first good.

When a Production Possibilities Frontier Is Bowed Outward,the Opportunity Cost