A(n)______________ opportunity cost in production is reflected in a _________ production possibilities frontier.
A)increasing,convex
B)declining,concave
C)increasing,concave
D)constant,convex

Question

Quizplus · Accepted Answer

An increasing opportunity cost in production is reflected in a concave production possibilities frontier, indicating that as more of one good is produced, increasingly larger amounts of the other good must be given up.

A(n)______________ Opportunity Cost in Production Is Reflected in a _________

A(n)______ Opportunity Cost in Production Is Reflected in a _