If additional units of a good could be produced at a constant opportunity cost,the production possibilities frontier would be linear.
Correct Answer:
Verified
Q90: If you can produce more of something
Q91: Table 2-3 Q92: Consider a country that produces only two Q93: On a production possibilities frontier,opportunity cost is Q94: How are efficiency and inefficiency represented on Q96: An increase in population shifts the production Q97: Consider a country that produces only two Q98: Any output combination inside a production possibilities Q99: a.Draw a production possibilities frontier for a Q100: If a country is producing efficiently and
![]()
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