As one progresses from a one-person economy to a large,multi-person economy,the shape of production possibilities curve changes from
A) downward sloping to upwards sloping.
B) linear to convex (bowed into the origin).
C) concave (bowed out from the origin)to linear.
D) convex (bowed into the origin)to concave (bowed out from the origin).
E) linear to concave (bowed out from the origin).

Question

Quizplus · Accepted Answer

The Answer of As one progresses from a one-person economy to a large,multi-person economy,the shape of production possibilities curve changes from
A) downward sloping to upwards sloping.
B) linear to convex (bowed into the origin).
C) concave (bowed out from the origin)to linear.
D) convex (bowed into the origin)to concave (bowed out from the origin).
E) linear to concave (bowed out from the origin).

As One Progresses from a One-Person Economy to a Large,multi-Person